Global Retirement Partners LLC Sells 272 Shares of RTX Co. (NYSE:RTX)

Global Retirement Partners LLC lessened its position in RTX Co. (NYSE:RTX) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,320 shares of the company’s stock after selling 272 shares during the period. Global Retirement Partners LLC’s holdings in RTX were worth $2,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atlas Legacy Advisors LLC bought a new position in shares of RTX in the 4th quarter valued at about $378,000. Bank of Jackson Hole Trust bought a new stake in shares of RTX during the 4th quarter worth about $189,000. Ramsay Stattman Vela & Price Inc. boosted its holdings in shares of RTX by 1.6% during the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 10,326 shares of the company’s stock worth $1,195,000 after buying an additional 160 shares during the period. Creative Capital Management Investments LLC boosted its holdings in shares of RTX by 49.4% during the 4th quarter. Creative Capital Management Investments LLC now owns 6,309 shares of the company’s stock worth $730,000 after buying an additional 2,086 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of RTX by 59.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock worth $409,000 after buying an additional 1,312 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $125.25 on Friday. The company has a 50 day simple moving average of $121.38 and a 200 day simple moving average of $120.83. The stock has a market cap of $166.85 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.09 and a beta of 0.82. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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%. Research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX’s payout ratio is presently 70.99%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were 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. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group lifted their target price on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.