Western Wealth Management LLC Sells 12,390 Shares of RTX Co. (NYSE:RTX)

Western Wealth Management LLC lowered its position in RTX Co. (NYSE:RTX - Free Report) by 80.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,002 shares of the company's stock after selling 12,390 shares during the quarter. Western Wealth Management LLC's holdings in RTX were worth $347,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC increased its position in shares of RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after purchasing an additional 900 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in shares of RTX by 19.3% in the 4th quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company's stock valued at $279,000 after buying an additional 390 shares during the period. Red Door Wealth Management LLC grew its position in shares of RTX by 2.6% during the 4th quarter. Red Door Wealth Management LLC now owns 8,415 shares of the company's stock valued at $974,000 after buying an additional 215 shares during the last quarter. New Century Financial Group LLC boosted its stake in RTX by 502.3% in the fourth quarter. New Century Financial Group LLC now owns 10,492 shares of the company's stock valued at $1,216,000 after acquiring an additional 8,750 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC lifted its holdings in shares of RTX by 10.1% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 4,766 shares of the company's stock worth $577,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. This trade represents a 21.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,643 shares of company stock worth $6,198,889. Insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded up $1.86 during trading hours on Tuesday, hitting $134.21. 5,160,033 shares of the stock were exchanged, compared to its average volume of 5,395,785. The firm has a market capitalization of $179.30 billion, a P/E ratio of 37.81, a P/E/G ratio of 2.11 and a beta of 0.60. 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 one year low of $99.07 and a one year high of $138.82. The company's 50 day moving average is $129.07 and its 200 day moving average is $124.83.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during 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%. On average, research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, May 23rd. RTX's payout ratio is presently 79.77%.

Analyst Ratings Changes

A number of research firms have issued reports on RTX. UBS Group raised their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Wells Fargo & Company upped their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Finally, Susquehanna reduced their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of "Buy" and a consensus price target of $159.82.

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.