Windward Capital Management Co. CA Has $16.84 Million Stock Position in RTX Co. (NYSE:RTX)

Windward Capital Management Co. CA cut its stake in shares of RTX Co. (NYSE:RTX) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,502 shares of the company’s stock after selling 1,970 shares during the period. RTX makes up approximately 1.3% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 25th largest holding. Windward Capital Management Co. CA’s holdings in RTX were worth $16,838,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP bought a new stake in RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter worth $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX during the third quarter worth $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RTX. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Trading Down 1.2 %

RTX stock opened at $128.42 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a 50-day simple moving average of $119.52 and a 200 day simple moving average of $119.77. The stock has a market capitalization of $170.93 billion, a P/E ratio of 36.18, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts expect that RTX Co. will post 6.12 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

About RTX

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.