Dohj LLC Has $558,000 Stake in RTX Co. (NYSE:RTX)

Dohj LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,630 shares of the company’s stock after selling 823 shares during the period. Dohj LLC’s holdings in RTX were worth $558,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new position in RTX during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in shares of RTX in the fourth quarter valued at approximately $30,000. Strengthening Families & Communities LLC acquired a new position in shares of RTX in the third quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of RTX in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RTX. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Susquehanna upped their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Citigroup upped their price objective on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada upped 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.27.

RTX Stock Performance

Shares of RTX stock traded down $0.30 on Friday, hitting $101.41. The company’s stock had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The stock’s 50 day moving average is $95.57 and its 200-day moving average is $87.61. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a market capitalization of $134.83 billion, a PE ratio of 39.77, a PEG ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. Equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. RTX’s payout ratio is 92.55%.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The stock was 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 directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

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.