RTX Co. (NYSE:RTX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in RTX Co. (NYSE:RTX) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,749 shares of the company’s stock after selling 2,800 shares during the quarter. State of Alaska Department of Revenue’s holdings in RTX were worth $17,560,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RTX. Adero Partners LLC raised its stake in shares of RTX by 3.7% during the fourth quarter. Adero Partners LLC now owns 8,401 shares of the company’s stock worth $972,000 after purchasing an additional 300 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of RTX by 9.8% in the fourth quarter. Bleakley Financial Group LLC now owns 44,144 shares of the company’s stock valued at $5,108,000 after acquiring an additional 3,950 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of RTX by 80.2% during the fourth quarter. Trilogy Capital Inc. now owns 4,616 shares of the company’s stock worth $534,000 after acquiring an additional 2,054 shares during the period. Inman Jager Wealth Management LLC purchased a new position in shares of RTX during the 4th quarter worth approximately $304,000. Finally, Tyche Wealth Partners LLC lifted its holdings in shares of RTX by 14.9% in the 4th quarter. Tyche Wealth Partners LLC now owns 16,423 shares of the company’s stock valued at $1,900,000 after buying an additional 2,130 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.6 %

Shares of RTX stock opened at $129.12 on Thursday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a market capitalization of $171.86 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.17 and a beta of 0.82. The firm has a 50-day moving average price of $119.70 and a 200 day moving average price of $119.83. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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

RTX Dividend Announcement

The firm 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.