RTX Co. (NYSE:RTX) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its holdings in RTX Co. (NYSE:RTX) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,873 shares of the company’s stock after selling 2,790 shares during the quarter. Navellier & Associates Inc.’s holdings in RTX were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. lifted its stake in RTX by 23.8% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 4,156 shares of the company’s stock valued at $481,000 after buying an additional 800 shares in the last quarter. WP Advisors LLC purchased a new stake in RTX during the fourth quarter valued at about $227,000. Cordatus Wealth Management LLC purchased a new stake in RTX during the fourth quarter valued at about $2,005,000. Centricity Wealth Management LLC purchased a new stake in RTX during the fourth quarter valued at about $52,000. Finally, Legacy Capital Group California Inc. lifted its stake in RTX by 103.0% during the fourth quarter. Legacy Capital Group California Inc. now owns 15,593 shares of the company’s stock valued at $1,804,000 after buying an additional 7,910 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Down 1.5 %

NYSE:RTX opened at $123.23 on Monday. The stock’s 50 day moving average price is $121.49 and its 200 day moving average price is $120.98. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a market capitalization of $164.16 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.04%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

A number of analysts have commented on RTX shares. UBS Group upped their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company upped their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Company 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.