Legacy Capital Wealth Partners LLC Sells 4,703 Shares of RTX Co. (NYSE:RTX)

Legacy Capital Wealth Partners LLC trimmed its stake in RTX Co. (NYSE:RTX) by 50.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,612 shares of the company’s stock after selling 4,703 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in RTX were worth $534,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ellis Investment Partners LLC grew its holdings in shares of RTX by 1.4% during the fourth quarter. Ellis Investment Partners LLC now owns 13,130 shares of the company’s stock worth $1,519,000 after purchasing an additional 176 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in shares of RTX during the fourth quarter worth $646,000. Roxbury Financial LLC bought a new stake in shares of RTX during the fourth quarter worth $1,021,000. Hickory Asset Management Inc. bought a new stake in shares of RTX during the fourth quarter worth $214,000. Finally, Aveo Capital Partners LLC grew its holdings in shares of RTX by 8.5% during the fourth quarter. Aveo Capital Partners LLC now owns 3,229 shares of the company’s stock worth $374,000 after purchasing an additional 253 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

RTX Stock Down 2.5 %

RTX stock opened at $122.68 on Monday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The stock has a market cap of $163.42 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The firm’s 50-day simple moving average is $120.79 and its 200 day simple moving average is $120.68. 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 data on Tuesday, January 28th. The company reported $1.54 EPS 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%. Research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. UBS Group upped their price target on 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 price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.07.

About RTX

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.