CapWealth Advisors LLC Cuts Position in RTX Co. (NYSE:RTX)

CapWealth Advisors LLC cut its stake in RTX Co. (NYSE:RTX) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 265,685 shares of the company’s stock after selling 9,075 shares during the period. RTX accounts for approximately 3.4% of CapWealth Advisors LLC’s portfolio, making the stock its 8th largest position. CapWealth Advisors LLC’s holdings in RTX were worth $30,745,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RTX. BXM Wealth LLC purchased a new position in shares of RTX in the 4th quarter valued at approximately $600,000. WealthPLAN Partners LLC boosted its holdings in shares of RTX by 17.8% during the 4th quarter. WealthPLAN Partners LLC now owns 2,737 shares of the company’s stock valued at $317,000 after buying an additional 413 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of RTX by 23.3% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 78,347 shares of the company’s stock worth $9,066,000 after buying an additional 14,828 shares during the period. Blue Trust Inc. lifted its position in RTX by 13.7% during the 4th quarter. Blue Trust Inc. now owns 23,913 shares of the company’s stock valued at $2,767,000 after acquiring an additional 2,885 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its stake in RTX by 9.1% during the fourth quarter. Roman Butler Fullerton & Co. now owns 9,684 shares of the company’s stock worth $1,211,000 after acquiring an additional 809 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 2.5 %

Shares of RTX stock opened at $122.68 on Friday. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.17 and a beta of 0.82. The business has a 50-day moving average price of $120.79 and a 200-day moving average price of $120.63. 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 twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.05%. RTX’s payout ratio is presently 70.99%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

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.