RTX Co. (NYSE:RTX) Stock Holdings Lessened by Stiles Financial Services Inc

Stiles Financial Services Inc cut its stake in shares of RTX Co. (NYSE:RTX) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,493 shares of the company’s stock after selling 867 shares during the period. RTX comprises approximately 1.1% of Stiles Financial Services Inc’s holdings, making the stock its 25th largest position. Stiles Financial Services Inc’s holdings in RTX were worth $2,950,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Avestar Capital LLC increased its position in shares of RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after buying an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC grew its stake in RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of RTX by 0.7% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,798 shares of the company’s stock worth $1,481,000 after acquiring an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC lifted its holdings in shares of RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Bank of America upped their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, UBS Group upped their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Down 0.6 %

NYSE RTX opened at $128.07 on Monday. The company has a market cap of $170.60 billion, a PE ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The stock has a 50 day moving average of $119.99 and a 200-day moving average of $120.28. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. RTX’s payout ratio is 70.99%.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.