Rothschild Investment LLC Has $3.58 Million Holdings in RTX Co. (NYSE:RTX)

Rothschild Investment LLC cut its stake in RTX Co. (NYSE:RTX) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,945 shares of the company’s stock after selling 243 shares during the quarter. Rothschild Investment LLC’s holdings in RTX were worth $3,581,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC boosted its stake in RTX by 0.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 24,522 shares of the company’s stock worth $2,838,000 after purchasing an additional 170 shares during the period. IFP Advisors Inc boosted its stake in shares of RTX by 284.4% during the 4th quarter. IFP Advisors Inc now owns 47,023 shares of the company’s stock worth $5,442,000 after buying an additional 34,789 shares during the last quarter. RPG Investment Advisory LLC boosted its stake in shares of RTX by 0.4% during the 4th quarter. RPG Investment Advisory LLC now owns 162,765 shares of the company’s stock worth $18,835,000 after buying an additional 598 shares during the last quarter. Colonial River Investments LLC boosted its stake in shares of RTX by 2.5% during the 4th quarter. Colonial River Investments LLC now owns 4,539 shares of the company’s stock worth $525,000 after buying an additional 109 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of RTX during the 4th quarter worth about $3,168,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RTX shares. Wells Fargo & Company upped their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley upped their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Performance

Shares of RTX stock opened at $123.23 on Monday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The company’s 50 day moving average price is $121.49 and its two-hundred day moving average price is $120.98. The firm has a market capitalization of $164.16 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82. 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 (NYSE:RTX) last posted its quarterly earnings results 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 net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.