Becker Capital Management Inc. Trims Stake in RTX Co. (NYSE:RTX)

Becker Capital Management Inc. lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,254 shares of the company's stock after selling 3,714 shares during the quarter. RTX makes up 1.5% of Becker Capital Management Inc.'s portfolio, making the stock its 18th largest holding. Becker Capital Management Inc.'s holdings in RTX were worth $44,813,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Morse Asset Management Inc bought a new position in shares of RTX during the 3rd quarter valued at approximately $321,000. Tudor Financial Inc. purchased a new position in RTX during the third quarter valued at approximately $797,000. World Investment Advisors LLC boosted its position in shares of RTX by 37.1% in the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock worth $4,944,000 after purchasing an additional 11,033 shares during the period. Sfmg LLC increased its stake in shares of RTX by 4.7% in the third quarter. Sfmg LLC now owns 73,978 shares of the company's stock worth $8,963,000 after purchasing an additional 3,306 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of RTX by 365.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock valued at $13,962,000 after purchasing an additional 90,499 shares during the period. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred 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 completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RTX shares. Susquehanna cut their price target on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Citigroup cut their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company boosted their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $161.06.

RTX Stock Performance

NYSE RTX opened at $125.82 on Wednesday. The business's 50 day moving average price is $128.32 and its 200-day moving average price is $123.77. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The company has a market cap of $168.08 billion, a P/E ratio of 35.44, a P/E/G ratio of 2.11 and a beta of 0.58. 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 - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 73.90%.

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.

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