Cornell Pochily Investment Advisors Inc. Has $1.11 Million Stake in RTX Co. (NYSE:RTX)

Cornell Pochily Investment Advisors Inc. lowered its stake in shares of RTX Co. (NYSE:RTX) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,217 shares of the company’s stock after selling 293 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in RTX were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in RTX in the 1st quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the fourth quarter valued at about $30,000. VitalStone Financial LLC lifted its position in shares of RTX by 136.5% during the 2nd quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the third quarter worth $28,000. Finally, Financial Gravity Asset Management Inc. lifted its stake 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 valued at $32,000 after buying an additional 345 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.4 %

RTX traded up $0.38 during trading on Thursday, reaching $97.83. 1,131,915 shares of the company’s stock were exchanged, compared to its average volume of 7,961,621. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm has a market capitalization of $130.08 billion, a PE ratio of 43.50, a P/E/G ratio of 1.75 and a beta of 0.87. The company’s fifty day moving average price is $91.16 and its 200-day moving average price is $83.42.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.41%. RTX’s payout ratio is 105.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. Barclays boosted their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. UBS Group increased their target price on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $94.00 target price (up previously from $88.00) on shares of RTX in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Hold” and a consensus price target of $95.12.

Insider Activity at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were 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 approximately $5,252,769.41. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by company insiders.

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.