Bison Wealth LLC Sells 8,355 Shares of RTX Co. (NYSE:RTX)

Bison Wealth LLC lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 72.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,234 shares of the company's stock after selling 8,355 shares during the quarter. Bison Wealth LLC's holdings in RTX were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of RTX during the 4th quarter worth about $1,745,644,000. T. Rowe Price Investment Management Inc. raised its holdings in RTX by 43.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after purchasing an additional 3,164,844 shares in the last quarter. Amundi lifted its position in RTX by 83.1% in the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after purchasing an additional 2,854,928 shares during the period. Assenagon Asset Management S.A. boosted its stake in RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after purchasing an additional 2,094,834 shares in the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in shares of RTX during the 4th quarter valued at $216,340,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 2.3 %

NYSE RTX traded up $2.89 during trading on Friday, reaching $130.30. 5,002,098 shares of the company's stock were exchanged, compared to its average volume of 5,448,821. The firm has a market capitalization of $174.07 billion, a PE ratio of 36.70, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company's fifty day simple moving average is $128.48 and its 200-day simple moving average is $123.82.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The firm 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 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.09%. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is 73.90%.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the 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 directly owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction dated 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 directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 in the last three months. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $161.06.

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.