Windward Capital Management Co. CA Sells 1,970 Shares of RTX Co. (NYSE:RTX)

Windward Capital Management Co. CA lessened its holdings in RTX Co. (NYSE:RTX) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 145,502 shares of the company’s stock after selling 1,970 shares during the period. RTX makes up about 1.3% of Windward Capital Management Co. CA’s holdings, making the stock its 25th biggest holding. Windward Capital Management Co. CA’s holdings in RTX were worth $16,838,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in shares of RTX during the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the third quarter worth $41,000. ORG Wealth Partners LLC bought a new position in shares of RTX in the 3rd quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its position in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 1.2 %

Shares of RTX stock opened at $128.42 on Wednesday. The firm has a market cap of $170.93 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 2.17 and a beta of 0.82. The stock’s 50-day moving average is $119.52 and its 200 day moving average is $119.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 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%. Equities research analysts anticipate that RTX Co. will post 6.12 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

Several research firms have commented on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

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.