C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $257,000 Stake in RTX Co. (NYSE:RTX)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its holdings in shares of RTX Co. (NYSE:RTX) by 25.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,149 shares of the company’s stock after selling 741 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in RTX were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in RTX during the third quarter worth about $29,000. Modus Advisors LLC bought a new position in RTX in the fourth quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the fourth quarter valued at approximately $40,000. Western Pacific Wealth Management LP bought a new stake in RTX during the third quarter worth $41,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.7 %

Shares of RTX stock opened at $125.95 on Friday. The firm has a market cap of $167.78 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.17 and a beta of 0.82. The stock’s 50-day moving average is $120.70 and its 200 day moving average is $120.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

About RTX

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.