Nations Financial Group Inc. IA ADV Sells 1,177 Shares of RTX Co. (NYSE:RTX)

Nations Financial Group Inc. IA ADV lowered its holdings in shares of RTX Co. (NYSE:RTX) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,935 shares of the company’s stock after selling 1,177 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in RTX were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter worth about $29,000. Western Pacific Wealth Management LP bought a new stake in RTX during the 3rd quarter valued at about $41,000. Modus Advisors LLC bought a new stake in RTX during the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX during the 4th quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC increased its position in 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 during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Bank of America lifted 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. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

RTX opened at $122.68 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a fifty day moving average price of $120.79 and a 200 day moving average price of $120.68. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The stock has a market cap of $163.42 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.