RTX Co. (NYSE:RTX) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in RTX Co. (NYSE:RTX) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,874 shares of the company’s stock after selling 637 shares during the period. Dakota Wealth Management’s holdings in RTX were worth $2,514,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of RTX in the fourth quarter worth $1,580,608,000. Moneta Group Investment Advisors LLC grew its stake in shares of RTX by 87,932.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after purchasing an additional 13,598,794 shares in the last quarter. Boston Partners bought a new position in shares of RTX in the third quarter worth $355,350,000. Morgan Stanley grew its stake in shares of RTX by 11.3% in the fourth quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after purchasing an additional 3,104,282 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of RTX by 32.8% in the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 0.8 %

Shares of RTX stock opened at $100.83 on Wednesday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The company’s fifty day moving average price is $93.96 and its two-hundred day moving average price is $86.03. The firm has a market capitalization of $134.07 billion, a PE ratio of 45.01, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share. On average, analysts expect that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were 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 of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. UBS Group increased their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Barclays raised their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, Bank of America raised RTX from an “underperform” rating to a “neutral” rating and raised their target price for the company from $78.00 to $100.00 in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.44.

About RTX

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.