Simplicity Wealth LLC Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Simplicity Wealth LLC decreased its position in RTX Co. (NYSE:RTX) by 69.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,623 shares of the company’s stock after selling 8,265 shares during the quarter. Simplicity Wealth LLC’s holdings in RTX were worth $419,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the third quarter valued at about $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX in the fourth quarter valued at about $40,000. Iron Horse Wealth Management LLC boosted its stake in shares of RTX by 296.8% during 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. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of RTX by 43.3% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 414 shares of the company’s stock valued at $48,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RTX. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.40.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 0.1 %

Shares of NYSE RTX opened at $128.50 on Tuesday. The firm’s 50 day moving average price is $124.29 and its 200-day moving average price is $121.90. The company has a market cap of $171.17 billion, a PE ratio of 36.20, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. On average, equities research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. RTX’s dividend payout ratio is presently 70.99%.

RTX Company 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.