Hartford Investment Management Co. Has $8.15 Million Stock Position in RTX Co. (NYSE:RTX)

Hartford Investment Management Co. reduced its holdings in shares of RTX Co. (NYSE:RTXFree Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,858 shares of the company’s stock after selling 2,961 shares during the quarter. Hartford Investment Management Co.’s holdings in RTX were worth $8,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strengthening Families & Communities LLC acquired a new position in RTX in the third quarter valued at about $28,000. Quarry LP acquired a new stake in RTX during the 1st quarter worth about $28,000. Planned Solutions Inc. bought a new stake in RTX in the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. lifted its position in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RTX. Royal Bank of Canada lifted their price objective on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price objective on shares of RTX in a research note on Monday. UBS Group raised their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 price target (up previously from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.12.

View Our Latest Analysis on RTX

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by company insiders.

RTX Stock Down 1.2 %

Shares of NYSE:RTX traded down $1.22 during trading hours on Wednesday, reaching $97.33. The stock had a trading volume of 3,390,843 shares, compared to its average volume of 8,046,514. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm’s 50 day moving average is $92.08 and its 200-day moving average is $84.09. The stock has a market capitalization of $129.41 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.78 and a beta of 0.88. RTX Co. has a 1 year low of $68.56 and a 1 year high of $104.91.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. Research analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 105.36%.

RTX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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