RTX Co. (NYSE:RTX) Position Reduced by Haverford Trust Co

Haverford Trust Co reduced its position in shares of RTX Co. (NYSE:RTX) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,864,972 shares of the company’s stock after selling 84,064 shares during the quarter. RTX comprises 2.1% of Haverford Trust Co’s portfolio, making the stock its 12th largest holding. Haverford Trust Co owned about 0.14% of RTX worth $215,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of RTX by 3.9% in the third quarter. Pacer Advisors Inc. now owns 98,965 shares of the company’s stock valued at $11,991,000 after buying an additional 3,676 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of RTX by 6.4% in the third quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock worth $7,846,000 after acquiring an additional 3,818 shares in the last quarter. Stonebrook Private Inc. acquired a new stake in shares of RTX during the third quarter valued at approximately $229,000. Cerity Partners LLC lifted its position in shares of RTX by 11.6% in the 3rd quarter. Cerity Partners LLC now owns 680,484 shares of the company’s stock valued at $82,448,000 after acquiring an additional 70,838 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in RTX by 79.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 49,732 shares of the company’s stock worth $6,026,000 after purchasing an additional 21,953 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % 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 worth $10,309,302 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $132.35 on Monday. The company has a market capitalization of $176.70 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78. The company has a 50-day moving average of $127.15 and a 200-day moving average of $122.56. RTX Co. has a 52 week low of $95.27 and a 52 week high of $135.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.