One Charles Private Wealth Services LLC Lowers Holdings in RTX Co. (NYSE:RTX)

One Charles Private Wealth Services LLC trimmed its stake in RTX Co. (NYSE:RTX) by 10.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,843 shares of the company’s stock after selling 1,525 shares during the period. One Charles Private Wealth Services LLC’s holdings in RTX were worth $1,486,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of RTX by 1.4% in the third quarter. Avior Wealth Management LLC now owns 8,134 shares of the company’s stock valued at $980,000 after purchasing an additional 114 shares during the period. Segall Bryant & Hamill LLC grew its holdings in RTX by 20.7% in the third quarter. Segall Bryant & Hamill LLC now owns 118,758 shares of the company’s stock valued at $14,389,000 after purchasing an additional 20,385 shares during the last quarter. Jennison Associates LLC increased its holdings in RTX by 15.3% during the 3rd quarter. Jennison Associates LLC now owns 520,742 shares of the company’s stock valued at $63,093,000 after acquiring an additional 69,285 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of RTX by 2.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 90,700 shares of the company’s stock worth $10,989,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of RTX by 32.7% in the third quarter. Intech Investment Management LLC now owns 50,497 shares of the company’s stock valued at $6,118,000 after acquiring an additional 12,445 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.7 %

RTX opened at $134.37 on Friday. The firm has a 50 day simple moving average of $126.80 and a 200 day simple moving average of $122.47. The company has a market cap of $179.40 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $94.08 and a fifty-two week high of $135.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.88%. RTX’s dividend payout ratio is 70.99%.

Insider Transactions at RTX

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

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.40.

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.