Guggenheim Capital LLC Sells 13,324 Shares of RTX Co. (NYSE:RTX)

Guggenheim Capital LLC decreased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,904 shares of the company's stock after selling 13,324 shares during the period. Guggenheim Capital LLC's holdings in RTX were worth $2,998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. grew its stake in shares of RTX by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after buying an additional 79 shares in the last quarter. Fusion Capital LLC lifted its stake in RTX by 0.5% in the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after acquiring an additional 80 shares during the last quarter. McDonough Capital Management Inc grew its position in RTX by 1.6% in the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after acquiring an additional 80 shares in the last quarter. New England Professional Planning Group Inc. increased its stake in shares of RTX by 3.8% during the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after purchasing an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC raised its holdings in shares of RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 81,508 shares in the company, 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 over the last quarter. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on RTX. Susquehanna lowered their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Citigroup dropped their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $164.20.

RTX Stock Performance

RTX traded up $8.66 on Wednesday, hitting $122.41. 4,238,905 shares of the stock traded hands, compared to its average volume of 5,502,215. The business has a fifty day moving average price of $128.33 and a two-hundred day moving average price of $123.77. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The firm has a market capitalization of $163.43 billion, a PE ratio of 34.48, a P/E/G ratio of 2.11 and a beta of 0.58.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.06%. RTX's dividend payout ratio (DPR) is currently 70.99%.

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.