Warther Private Wealth LLC Has $246,000 Stock Holdings in RTX Co. (NYSE:RTX)

Warther Private Wealth LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,127 shares of the company’s stock after selling 101 shares during the period. Warther Private Wealth LLC’s holdings in RTX were worth $246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of RTX in the third quarter worth about $50,000. CX Institutional grew its holdings in shares of RTX by 731.6% during the 3rd quarter. CX Institutional now owns 53,444 shares of the company’s stock valued at $6,475,000 after purchasing an additional 47,017 shares during the last quarter. Wesbanco Bank Inc. increased its position in RTX by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 172,796 shares of the company’s stock worth $20,936,000 after purchasing an additional 666 shares in the last quarter. Creative Planning grew its stake in shares of RTX by 1.2% during the third quarter. Creative Planning now owns 490,632 shares of the company’s stock worth $59,445,000 after buying an additional 5,967 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. grew its stake in shares of RTX by 1.2% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 14,297 shares of the company’s stock worth $1,732,000 after buying an additional 174 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research reports. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday. Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Bank of America upped their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Up 0.6 %

NYSE RTX opened at $129.01 on Wednesday. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business has a 50 day simple moving average of $120.40 and a 200 day simple moving average of $120.49. The stock has a market capitalization of $171.86 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings data 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%. Research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.95%. RTX’s dividend payout ratio is presently 70.99%.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated 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 in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.