Fiduciary Group LLC Has $7.46 Million Position in RTX Co. (NYSE:RTX)

Fiduciary Group LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,677 shares of the company’s stock after selling 4,154 shares during the period. Fiduciary Group LLC’s holdings in RTX were worth $7,461,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RTX. Retirement Systems of Alabama acquired a new stake in RTX in the fourth quarter worth $26,664,000. Navis Wealth Advisors LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $215,000. Magnus Financial Group LLC increased its position in RTX by 6.1% in the 4th quarter. Magnus Financial Group LLC now owns 10,335 shares of the company’s stock valued at $870,000 after buying an additional 593 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in RTX by 78.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 2,671 shares of the company’s stock worth $225,000 after buying an additional 1,172 shares during the period. Finally, Little House Capital LLC bought a new position in RTX in the fourth quarter worth approximately $272,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX traded down $0.30 during mid-day trading on Friday, reaching $101.41. 4,428,318 shares of the company’s stock were exchanged, compared to its average volume of 8,154,806. The firm has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The firm has a 50-day moving average price of $95.57 and a two-hundred day moving average price of $87.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is currently 92.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen upped their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Robert W. Baird raised their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group lifted their price objective on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of RTX in a report on Monday, April 1st. Finally, Bank of America lifted their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.27.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares in the company, valued at approximately $1,076,176.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 over the last ninety days. 0.13% of the stock is currently owned by company 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.