Eliot Finkel Investment Counsel LLC Trims Stake in RTX Co. (NYSE:RTX)

Eliot Finkel Investment Counsel LLC lowered its position in RTX Co. (NYSE:RTX) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,351 shares of the company’s stock after selling 294 shares during the period. Eliot Finkel Investment Counsel LLC’s holdings in RTX were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CX Institutional boosted its holdings in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after buying an additional 11,706 shares during the period. National Pension Service boosted its holdings in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company’s stock worth $330,910,000 after buying an additional 375,781 shares during the period. LRI Investments LLC boosted its holdings in RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the period. Napa Wealth Management bought a new position in RTX in the 3rd quarter worth $1,307,000. Finally, Czech National Bank boosted its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after buying an additional 17,608 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at approximately $3,771,880.44. This represents a 39.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,334 shares of company stock valued at $4,639,194. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of NYSE:RTX opened at $133.02 on Friday. The firm has a market cap of $177.19 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The firm’s 50 day simple moving average is $122.72 and its 200-day simple moving average is $121.38. RTX Co. has a one year low of $88.95 and a one year high of $133.09. 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 released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.89%. RTX’s payout ratio is 70.99%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Susquehanna increased their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.40.

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.