Dakota Wealth Management Has $2.51 Million Stake in RTX Co. (NYSE:RTX)

Dakota Wealth Management reduced its stake in RTX Co. (NYSE:RTX) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,874 shares of the company’s stock after selling 637 shares during the quarter. Dakota Wealth Management’s holdings in RTX were worth $2,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. London & Capital Asset Management Ltd raised its position in RTX by 2.7% in the 4th quarter. London & Capital Asset Management Ltd now owns 426,644 shares of the company’s stock valued at $35,898,000 after buying an additional 11,405 shares during the last quarter. Cullen Investment Group LTD. purchased a new stake in RTX in the 4th quarter valued at $843,000. Waldron Private Wealth LLC raised its position in RTX by 8.6% in the 4th quarter. Waldron Private Wealth LLC now owns 20,449 shares of the company’s stock valued at $1,720,000 after buying an additional 1,612 shares during the last quarter. Bear Mountain Capital Inc. purchased a new stake in RTX in the 4th quarter valued at $25,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in RTX by 21.2% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,687 shares of the company’s stock valued at $2,077,000 after buying an additional 4,312 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. TD Cowen increased 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. Robert W. Baird upped their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group upped their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $94.44.

RTX Stock Up 0.8 %

Shares of NYSE RTX opened at $100.83 on Wednesday. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The business has a 50-day simple moving average of $93.96 and a two-hundred day simple moving average of $86.03. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The company has a market cap of $134.07 billion, a P/E ratio of 45.01, a P/E/G ratio of 1.82 and a beta of 0.88.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $1.27 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. RTX’s payout ratio is currently 105.36%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.