Nichols & Pratt Advisers LLP MA Sells 3,755 Shares of RTX Co. (NYSE:RTX)

Nichols & Pratt Advisers LLP MA lessened its holdings in RTX Co. (NYSE:RTX) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,592 shares of the company’s stock after selling 3,755 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in RTX were worth $2,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC grew its stake in shares of RTX by 26.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Mather Group LLC. boosted its position in shares of RTX by 8.5% in the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,079 shares during the last quarter. Rockline Wealth Management LLC acquired a new stake in shares of RTX in the 4th quarter valued at approximately $2,438,000. AllGen Financial Advisors Inc. increased its holdings in shares of RTX by 12.8% in the fourth quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock worth $2,720,000 after acquiring an additional 3,657 shares in the last quarter. Finally, B&D White Capital Company LLC acquired a new position in shares of RTX in the third quarter valued at approximately $14,186,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on 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 in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The disclosure for this sale can be found here. Insiders sold a total of 135,618 shares of company stock valued at $13,397,978 in the last ninety days. 0.13% of the stock is currently owned by insiders.

RTX Trading Up 0.3 %

RTX stock traded up $0.34 during trading hours on Friday, reaching $106.08. 2,124,174 shares of the company’s stock were exchanged, compared to its average volume of 7,988,493. RTX Co. has a twelve month low of $68.56 and a twelve month high of $106.16. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm’s 50 day simple moving average is $97.80 and its 200 day simple moving average is $89.33. The firm has a market capitalization of $141.03 billion, a PE ratio of 41.46, a PEG ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same period last year, the company earned $1.22 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Research analysts predict that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be given a $0.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a yield of 2.38%. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s payout ratio is currently 98.82%.

Wall Street Analyst Weigh In

RTX has been the subject of several recent research reports. Susquehanna increased their target price on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. UBS Group increased their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Citigroup increased their price objective on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $96.93.

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.