Exencial Wealth Advisors LLC Lowers Position in RTX Co. (NYSE:RTX)

Exencial Wealth Advisors LLC trimmed its position in shares of RTX Co. (NYSE:RTX) by 32.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 83,693 shares of the company’s stock after selling 39,913 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in RTX were worth $9,685,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter worth about $29,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter worth approximately $41,000. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the fourth quarter valued at approximately $40,000. Finally, Iron Horse Wealth Management LLC boosted its position 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 purchasing an additional 279 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.5 %

Shares of RTX opened at $133.68 on Tuesday. RTX Co. has a twelve month low of $89.14 and a twelve month high of $135.36. The stock has a market cap of $178.08 billion, a PE ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $123.06 and its 200-day moving average price is $121.52.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RTX shares. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last ninety days. 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.