Swiss National Bank Sells 188,300 Shares of RTX Co. (NYSE:RTX)

Swiss National Bank lowered its stake in shares of RTX Co. (NYSE:RTX) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,757,981 shares of the company’s stock after selling 188,300 shares during the period. Swiss National Bank’s holdings in RTX were worth $434,874,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the third quarter valued at about $29,000. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter valued at about $31,000. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX in the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC boosted its stake in RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.0 %

NYSE:RTX opened at $128.09 on Thursday. RTX Co. has a 12 month low of $89.82 and a 12 month high of $135.36. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $124.78 and a 200-day moving average price of $122.01. The stock has a market cap of $170.63 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last three months. 0.13% of the stock is owned by corporate insiders.

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.