RTX Co. (NYSE:RTX) Stock Holdings Lessened by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,448 shares of the company’s stock after selling 213 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in RTX were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Adams Diversified Equity Fund Inc. raised its holdings in shares of RTX by 13.4% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 231,200 shares of the company’s stock valued at $26,754,000 after purchasing an additional 27,300 shares in the last quarter. Lee Danner & Bass Inc. raised its holdings in RTX by 0.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 144,094 shares of the company’s stock valued at $16,675,000 after buying an additional 521 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of RTX by 0.6% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 101,148 shares of the company’s stock worth $11,705,000 after acquiring an additional 591 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of RTX by 5.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 190,336 shares of the company’s stock valued at $22,025,000 after acquiring an additional 9,904 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its stake in shares of RTX by 27.8% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,022 shares of the company’s stock valued at $928,000 after acquiring an additional 1,745 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business’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 owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. 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 in the last 90 days. 0.15% of the stock is owned by insiders.

RTX Stock Performance

NYSE:RTX opened at $134.37 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $126.80 and its two-hundred day simple moving average is $122.47. The company has a market cap of $179.40 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 1 year low of $94.08 and a 1 year high of $135.74.

RTX (NYSE:RTX) last issued its 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 net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.88%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RTX shares. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Susquehanna upped their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $136.00 to $160.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

About RTX

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.