Ancora Advisors LLC Has $13.97 Million Holdings in RTX Co. (NYSE:RTX)

Ancora Advisors LLC cut its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,730 shares of the company's stock after selling 1,938 shares during the period. Ancora Advisors LLC's holdings in RTX were worth $13,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RTX. Tidal Investments LLC lifted its holdings in RTX by 22.3% in the 3rd quarter. Tidal Investments LLC now owns 31,671 shares of the company's stock valued at $3,837,000 after purchasing an additional 5,767 shares in the last quarter. DGS Capital Management LLC purchased a new stake in RTX during the 3rd quarter valued at about $213,000. Principal Financial Group Inc. raised its holdings in RTX by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,901,336 shares of the company's stock valued at $230,366,000 after acquiring an additional 114,283 shares during the last quarter. Versant Capital Management Inc lifted its stake in RTX by 39.5% in the 4th quarter. Versant Capital Management Inc now owns 3,227 shares of the company's stock worth $373,000 after purchasing an additional 914 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of RTX by 5.8% in the fourth quarter. GAMMA Investing LLC now owns 27,869 shares of the company's stock valued at $3,225,000 after purchasing an additional 1,528 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX 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 completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction on 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 sale, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,800 shares of company stock worth $8,496,076. Corporate insiders own 0.15% of the company's stock.

RTX Stock Down 0.4 %

RTX traded down $0.56 on Wednesday, reaching $127.60. The company's stock had a trading volume of 4,028,991 shares, compared to its average volume of 5,431,337. The business's 50 day moving average is $128.46 and its 200 day moving average is $123.86. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. The stock has a market cap of $170.47 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth 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 (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company 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%. As a group, research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX's payout ratio is 79.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RTX shares. Bank of America boosted their price target on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. UBS Group increased their price target on shares of 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 lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Finally, Susquehanna reduced their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of "Buy" and a consensus price target of $161.06.

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.