Woodmont Investment Counsel LLC Has $1.57 Million Stock Holdings in RTX Co. (NYSE:RTX)

Woodmont Investment Counsel LLC decreased its stake in RTX Co. (NYSE:RTX) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,566 shares of the company’s stock after selling 331 shares during the period. Woodmont Investment Counsel LLC’s holdings in RTX were worth $1,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin City Private Wealth LLC grew its stake in RTX by 4.8% during the fourth quarter. Twin City Private Wealth LLC now owns 2,043 shares of the company’s stock worth $236,000 after purchasing an additional 93 shares during the period. Crowley Wealth Management Inc. acquired a new stake in RTX during the fourth quarter worth approximately $1,059,000. Vanguard Group Inc. grew its stake in RTX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock worth $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Napatree Capital LLC grew its stake in RTX by 2.9% during the fourth quarter. Napatree Capital LLC now owns 8,451 shares of the company’s stock worth $978,000 after purchasing an additional 235 shares during the period. Finally, Mosley Wealth Management grew its stake in RTX by 13.4% during the fourth quarter. Mosley Wealth Management now owns 2,585 shares of the company’s stock worth $323,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $142.00 to $147.00 in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Buying and Selling

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by company insiders.

RTX Stock Down 1.6 %

RTX stock opened at $132.35 on Monday. RTX Co. has a twelve month low of $95.27 and a twelve month high of $135.74. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $127.15 and its 200-day moving average is $122.56. The firm has a market capitalization of $176.70 billion, a PE ratio of 37.28, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.90%. RTX’s dividend payout ratio (DPR) is currently 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.