Gryphon Financial Partners LLC Cuts Position in RTX Co. (NYSE:RTX)

Gryphon Financial Partners LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,630 shares of the company’s stock after selling 1,394 shares during the period. Gryphon Financial Partners LLC’s holdings in RTX were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mission Wealth Management LP boosted its stake in shares of RTX by 6.0% during the 4th quarter. Mission Wealth Management LP now owns 23,784 shares of the company’s stock worth $2,752,000 after acquiring an additional 1,353 shares in the last quarter. Auxano Advisors LLC raised its holdings in RTX by 0.4% during the fourth quarter. Auxano Advisors LLC now owns 20,142 shares of the company’s stock worth $2,331,000 after purchasing an additional 88 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its position in RTX by 4.7% during the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 68,744 shares of the company’s stock worth $7,955,000 after purchasing an additional 3,106 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in RTX by 9.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 12,741 shares of the company’s stock valued at $1,474,000 after purchasing an additional 1,126 shares during the last quarter. Finally, LGT Group Foundation increased its position in shares of RTX by 31.9% in the fourth quarter. LGT Group Foundation now owns 4,240 shares of the company’s stock valued at $491,000 after buying an additional 1,025 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the sale, the executive vice president now owns 29,742 shares of the company’s stock, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was 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 owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,334 shares of company stock worth $4,639,194 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on RTX shares. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Performance

NYSE RTX opened at $133.02 on Monday. The business’s 50-day moving average price is $122.72 and its 200 day moving average price is $121.41. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $88.95 and a twelve month high of $133.09. The company has a market capitalization of $177.19 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

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

RTX Dividend Announcement

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

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.