Duncker Streett & Co. Inc. Sells 945 Shares of RTX Co. (NYSE:RTX)

Duncker Streett & Co. Inc. cut its position in shares of RTX Co. (NYSE:RTX) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 14,660 shares of the company’s stock after selling 945 shares during the period. Duncker Streett & Co. Inc.’s holdings in RTX were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its holdings in RTX by 26.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after acquiring an additional 28,910 shares in the last quarter. Rockline Wealth Management LLC bought a new stake in RTX in the fourth quarter worth $2,438,000. B&D White Capital Company LLC bought a new stake in RTX in the third quarter worth $14,186,000. Hurlow Wealth Management Group Inc. bought a new stake in RTX in the fourth quarter worth $206,000. Finally, Cape Cod Five Cents Savings Bank lifted its holdings in shares of RTX by 23.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 27,622 shares of the company’s stock valued at $1,988,000 after purchasing an additional 5,159 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX traded up $0.82 during mid-day trading on Wednesday, reaching $100.84. The company’s stock had a trading volume of 7,088,598 shares, compared to its average volume of 8,189,875. The firm has a market capitalization of $134.08 billion, a PE ratio of 45.01, a P/E/G ratio of 1.82 and a beta of 0.88. 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 stock has a fifty day moving average of $93.96 and a two-hundred day moving average of $86.03. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the firm’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 completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 35,456 shares of the 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 completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RTX shares. Royal Bank of Canada upped their price target on 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 target on shares of RTX in a report on Monday, April 1st. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and upped their price target for the company from $78.00 to $100.00 in a report on Thursday, January 25th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, UBS Group upped their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Two 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.