AGF Management Ltd. Sells 4,067 Shares of RTX Co. (NYSE:RTX)

AGF Management Ltd. decreased its stake in shares of RTX Co. (NYSE:RTX) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 32,486 shares of the company’s stock after selling 4,067 shares during the quarter. AGF Management Ltd.’s holdings in RTX were worth $3,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of RTX. Ashton Thomas Securities LLC acquired a new position in RTX during the 3rd quarter valued at approximately $138,000. Venturi Wealth Management LLC increased its stake in RTX by 6.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,225 shares of the company’s stock valued at $270,000 after purchasing an additional 143 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in RTX by 31.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,112 shares of the company’s stock valued at $983,000 after purchasing an additional 1,937 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of RTX by 40.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 19,375 shares of the company’s stock valued at $2,347,000 after acquiring an additional 5,578 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its holdings in shares of RTX by 31.9% in the 3rd quarter. Empower Advisory Group LLC now owns 5,968 shares of the company’s stock valued at $723,000 after acquiring an additional 1,442 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RTX. Wells Fargo & Company upped their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. 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. Royal Bank of Canada upped their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Stock Performance

NYSE:RTX opened at $128.09 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a fifty day moving average of $124.78 and a two-hundred day moving average of $122.01. The stock has a market capitalization of $170.63 billion, a PE ratio of 36.08, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a fifty-two week low of $89.82 and a fifty-two week high of $135.36.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the sale, the executive vice president now directly owns 29,742 shares in the company, valued at $3,771,880.44. This represents a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. Company insiders own 0.13% of the company’s stock.

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.