UP Strategic Wealth Investment Advisors LLC Sells 544 Shares of RTX Co. (NYSE:RTX)

UP Strategic Wealth Investment Advisors LLC lessened its stake in RTX Co. (NYSE:RTX) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,242 shares of the company’s stock after selling 544 shares during the quarter. UP Strategic Wealth Investment Advisors LLC’s holdings in RTX were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RTX. Norges Bank bought a new stake in shares of RTX in the fourth quarter worth $1,745,644,000. T. Rowe Price Investment Management Inc. lifted its position in RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock worth $1,216,063,000 after buying an additional 3,164,844 shares in the last quarter. Amundi boosted its stake in shares of RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after buying an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new position in RTX in the fourth quarter valued at approximately $216,340,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.15% of the stock is owned by insiders.

RTX Stock Performance

RTX stock opened at $121.99 on Friday. The stock has a market cap of $162.87 billion, a PE ratio of 34.36, a P/E/G ratio of 2.11 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The business’s 50-day moving average price is $128.28 and its two-hundred day moving average price is $123.73.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is currently 73.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup cut their price objective on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, April 15th. Susquehanna lowered their price target on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research report on Wednesday. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $163.53.

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.