Valley Brook Capital Group Inc. Sells 1,494 Shares of RTX Co. (NYSE:RTX)

Valley Brook Capital Group Inc. trimmed its position in shares of RTX Co. (NYSE:RTX) by 6.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,228 shares of the company’s stock after selling 1,494 shares during the quarter. RTX comprises about 1.6% of Valley Brook Capital Group Inc.’s holdings, making the stock its 13th biggest holding. Valley Brook Capital Group Inc.’s holdings in RTX were worth $1,870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Boston Partners bought a new stake in RTX during the 3rd quarter worth approximately $355,350,000. Van ECK Associates Corp raised its position in RTX by 129.9% in the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock worth $341,710,000 after purchasing an additional 2,294,908 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RTX by 29.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after acquiring an additional 1,914,184 shares during the period. Sanders Capital LLC lifted its holdings in RTX by 20.2% during the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after buying an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in RTX by 12,753.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock worth $117,799,000 after purchasing an additional 1,389,143 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,842 shares of company stock worth $13,603,426. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RTX shares. Susquehanna boosted their target price on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. TD Cowen raised their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, UBS Group upped their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.93.

RTX Stock Down 0.5 %

Shares of RTX stock traded down $0.49 during trading hours on Friday, hitting $101.40. 13,324,869 shares of the company’s stock traded hands, compared to its average volume of 7,489,805. The stock has a 50 day simple moving average of $96.70 and a 200-day simple moving average of $88.60. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a market cap of $134.81 billion, a PE ratio of 39.76, a PEG ratio of 1.83 and a beta of 0.84. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $18.44 billion. During the same period in the previous year, the business posted $1.22 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be paid a $0.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.49%. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s payout ratio is currently 92.55%.

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.