One Charles Private Wealth Services LLC Has $1.22 Million Position in RTX Co. (NYSE:RTX)

One Charles Private Wealth Services LLC lowered its position in RTX Co. (NYSE:RTX) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,530 shares of the company’s stock after selling 2,052 shares during the period. One Charles Private Wealth Services LLC’s holdings in RTX were worth $1,223,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC boosted its position in RTX by 22.7% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 212,734 shares of the company’s stock worth $17,899,000 after purchasing an additional 39,334 shares during the period. Carson Advisory Inc. bought a new stake in RTX during the fourth quarter worth approximately $203,000. Benjamin F. Edwards & Company Inc. boosted its position in RTX by 42.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 66,071 shares of the company’s stock worth $5,559,000 after purchasing an additional 19,639 shares during the period. Beacon Harbor Wealth Advisors Inc. bought a new stake in RTX during the fourth quarter worth approximately $6,328,000. Finally, Natixis Advisors L.P. boosted its position in shares of RTX by 97.9% in the fourth quarter. Natixis Advisors L.P. now owns 1,140,089 shares of the company’s stock valued at $95,926,000 after acquiring an additional 563,959 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,842 shares of company stock worth $13,603,426. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $96.93.

RTX Price Performance

RTX stock traded down $0.49 during mid-day trading on Friday, hitting $101.40. 13,324,869 shares of the company were exchanged, compared to its average volume of 7,489,805. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $96.70 and a 200 day moving average of $88.49. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a market capitalization of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be paid a $0.63 dividend. The ex-dividend date is Thursday, May 16th. This is a positive change from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.49%. RTX’s dividend payout ratio (DPR) is 92.55%.

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.