RTX Co. (NYSE:RTX) Stock Holdings Reduced by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. cut its position in shares of RTX Co. (NYSE:RTX - Free Report) by 23.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,138 shares of the company's stock after selling 17,046 shares during the period. Amica Mutual Insurance Co.'s holdings in RTX were worth $4,723,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. bought a new position in shares of RTX during the 4th quarter valued at $25,000. Strengthening Families & Communities LLC bought a new position in RTX during the third quarter valued at about $28,000. Planned Solutions Inc. bought a new position in RTX during the fourth quarter valued at about $30,000. Financial Gravity Asset Management Inc. lifted its position in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company's stock worth $32,000 after buying an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company's stock worth $34,000 after acquiring an additional 127 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company's stock, valued at $5,252,769.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RTX news, COO Christopher T. Calio sold 367 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares of the company's stock, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company's stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders have sold 127,547 shares of company stock worth $12,553,645 over the last three months. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RTX shares. Barclays boosted their target price on RTX from $75.00 to $90.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 30th. Bank of America upped their price objective on shares of RTX from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. TheStreet upgraded shares of RTX from a "c" rating to a "b-" rating in a report on Tuesday, January 23rd. Citigroup boosted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Finally, TD Cowen raised their price target on RTX from $106.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $96.27.

RTX Stock Performance

Shares of RTX traded up $1.04 on Monday, reaching $102.45. 4,470,152 shares of the stock traded hands, compared to its average volume of 8,139,442. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The firm has a market cap of $136.21 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 1.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock's 50-day moving average price is $95.80 and its 200-day moving average price is $87.92.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analysts' expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Equities analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.30%. The ex-dividend date was Thursday, February 22nd. RTX's dividend payout ratio is 92.55%.

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.

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