RTX Co. (NYSE:RTX) Shares Sold by Malaga Cove Capital LLC

Malaga Cove Capital LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,039 shares of the company’s stock after selling 1,842 shares during the quarter. Malaga Cove Capital LLC’s holdings in RTX were worth $2,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX in the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new stake in RTX in the third quarter valued at about $28,000. Planned Solutions Inc. bought a new position in RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. grew its position in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. increased its holdings in shares of RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 0.5 %

Shares of RTX stock traded down $0.49 on Friday, hitting $101.40. The company’s stock had a trading volume of 13,324,869 shares, compared to its average volume of 7,489,805. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a market capitalization of $134.81 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 1.83 and a beta of 0.84. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The firm’s fifty day moving average price is $96.70 and its 200-day moving average price is $88.49.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Research analysts anticipate that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 yield of 2.49%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RTX shares. Royal Bank of Canada increased their price objective on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Robert W. Baird boosted their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research report on Monday, April 1st. UBS Group increased their price objective on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, TD Cowen raised their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and a consensus target price of $96.93.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX 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 document filed with the SEC, which is accessible through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the business’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 transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 137,842 shares of company stock worth $13,603,426 in the last quarter. 0.13% of the stock is currently owned by company insiders.

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.