RTX Co. (NYSE:RTX) Stock Holdings Trimmed by Herold Advisors Inc.

Herold Advisors Inc. reduced its position in RTX Co. (NYSE:RTX) by 52.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,757 shares of the company’s stock after selling 11,711 shares during the period. Herold Advisors Inc.’s holdings in RTX were worth $905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Bear Mountain Capital Inc. bought a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. bought a new position in shares of RTX during the fourth quarter valued at approximately $30,000. Strengthening Families & Communities LLC bought a new position in shares of RTX during the third quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. grew its holdings in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of RTX during the fourth quarter valued at approximately $38,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. UBS Group upped their target price on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America increased their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays increased their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.27.

RTX Stock Performance

RTX opened at $101.40 on Friday. The company has a market capitalization of $134.81 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The business has a 50 day moving average price of $95.57 and a two-hundred day moving average price of $87.51.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. Research analysts predict that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. RTX’s dividend payout ratio (DPR) is 92.55%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,785 shares of company stock worth $3,448,188. Insiders own 0.13% of the company’s stock.

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.