Atalanta Sosnoff Capital LLC Lowers Holdings in RTX Co. (NYSE:RTX)

Atalanta Sosnoff Capital LLC decreased its stake in RTX Co. (NYSE:RTX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 637,387 shares of the company's stock after selling 9,214 shares during the period. RTX accounts for about 1.6% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 21st biggest position. Atalanta Sosnoff Capital LLC's holdings in RTX were worth $73,758,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its stake in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares in the last quarter. Modus Advisors LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. Millstone Evans Group LLC purchased a new stake in RTX in the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in RTX in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 0.1 %

RTX stock traded down $0.19 during trading hours on Tuesday, reaching $128.40. The stock had a trading volume of 2,593,511 shares, compared to its average volume of 5,436,949. The stock has a market cap of $171.54 billion, a PE ratio of 36.17, a PEG ratio of 2.11 and a beta of 0.60. The company has a fifty day simple moving average of $128.50 and a 200-day simple moving average of $123.83. 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 Co. has a 52 week low of $99.07 and a 52 week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 2.12%. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio is presently 79.77%.

Analyst Upgrades and Downgrades

Several research firms recently commented on RTX. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 23rd. Citigroup decreased their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $161.06.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

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.