RTX Co. (NYSE:RTX) Shares Sold by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC lessened its stake in RTX Co. (NYSE:RTX) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,229 shares of the company’s stock after selling 922 shares during the quarter. Stonehearth Capital Management LLC’s holdings in RTX were worth $952,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter worth $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth about $39,000. Fairfield Financial Advisors LTD acquired a new stake in RTX during the 2nd quarter valued at approximately $41,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the 3rd quarter worth approximately $41,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter valued at approximately $46,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. Citigroup lifted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. UBS Group increased their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Susquehanna lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.67.

RTX Stock Performance

Shares of NYSE:RTX traded up $0.77 on Tuesday, hitting $114.87. The company’s stock had a trading volume of 1,029,926 shares, compared to its average volume of 2,708,689. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock’s 50-day moving average is $118.64 and its two-hundred day moving average is $116.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $152.89 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were issued a $0.63 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.19%. RTX’s dividend payout ratio (DPR) is 72.00%.

RTX Company 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.