TD Waterhouse Canada Inc. Sells 19,078 Shares of RTX Co. (NYSE:RTX)

TD Waterhouse Canada Inc. reduced its holdings in RTX Co. (NYSE:RTX) by 13.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 127,355 shares of the company’s stock after selling 19,078 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in RTX were worth $14,739,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of RTX by 244.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 70,569 shares of the company’s stock valued at $8,166,000 after purchasing an additional 50,060 shares in the last quarter. Transce3nd LLC purchased a new position in shares of RTX during the 4th quarter worth approximately $213,000. Trajan Wealth LLC lifted its stake in shares of RTX by 86.6% in the 4th quarter. Trajan Wealth LLC now owns 4,656 shares of the company’s stock valued at $539,000 after purchasing an additional 2,161 shares during the period. Sharpepoint LLC bought a new position in RTX in the fourth quarter worth $1,026,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of RTX by 8.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,916 shares of the company’s stock valued at $222,000 after buying an additional 142 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX opened at $126.12 on Tuesday. The company’s 50 day moving average is $128.57 and its 200 day moving average is $123.84. The company has a market cap of $168.38 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. 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 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%. On average, equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid 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 dividend yield of 2.00%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,831 shares of company stock worth $10,309,302. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised their price objective on RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $165.27.

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.