Nichols & Pratt Advisers LLP MA Sells 15,822 Shares of RTX Co. (NYSE:RTX)

Nichols & Pratt Advisers LLP MA decreased its stake in RTX Co. (NYSE:RTXFree Report) by 29.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 37,347 shares of the company’s stock after selling 15,822 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in RTX were worth $2,688,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. Cantor Fitzgerald Investment Advisor L.P raised its stake in shares of RTX by 94.5% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after acquiring an additional 156,550 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in RTX by 9.2% in the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after purchasing an additional 931 shares during the period. Ironwood Wealth Management LLC. grew its holdings in RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after purchasing an additional 128 shares during the period. AMI Investment Management Inc. grew its holdings in RTX by 53.1% in the first quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock worth $3,517,000 after purchasing an additional 12,316 shares during the period. Finally, LSV Asset Management grew its holdings in RTX by 1.4% in the first quarter. LSV Asset Management now owns 141,700 shares of the company’s stock worth $14,038,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 79.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RTX. Morgan Stanley raised their price target on shares of RTX from $83.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 25th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Royal Bank of Canada lifted their price objective on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird reiterated a “neutral” rating and set a $94.00 price objective (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. Finally, Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and a consensus price target of $91.71.

Read Our Latest Stock Analysis on RTX

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold a total of 2,224 shares of company stock valued at $205,448 over the last quarter. Company insiders own 0.11% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $90.50 on Monday. The firm has a market cap of $120.08 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The firm’s 50-day simple moving average is $85.84 and its two-hundred day simple moving average is $82.00.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The company had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is currently 105.36%.

RTX Profile

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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