RTX Co. (NYSE:RTX) Shares Sold by Tufton Capital Management

Tufton Capital Management reduced its holdings in RTX Co. (NYSE:RTX) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,000 shares of the company’s stock after selling 574 shares during the quarter. RTX accounts for 1.9% of Tufton Capital Management’s portfolio, making the stock its 14th largest position. Tufton Capital Management’s holdings in RTX were worth $10,183,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Waterway Wealth Management LLC increased its position in shares of RTX by 12.1% during the 4th quarter. Waterway Wealth Management LLC now owns 1,958 shares of the company’s stock valued at $227,000 after purchasing an additional 211 shares during the period. Private Trust Co. NA boosted its position in shares of RTX by 1.7% in the fourth quarter. Private Trust Co. NA now owns 34,236 shares of the company’s stock worth $3,962,000 after buying an additional 559 shares during the period. Pettyjohn Wood & White Inc. boosted its position in shares of RTX by 2.9% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 65,427 shares of the company’s stock worth $7,571,000 after buying an additional 1,827 shares during the period. Argyle Capital Management LLC boosted its position in shares of RTX by 0.9% in the fourth quarter. Argyle Capital Management LLC now owns 43,029 shares of the company’s stock worth $4,979,000 after buying an additional 395 shares during the period. Finally, Bouchey Financial Group Ltd boosted its position in shares of RTX by 23.1% in the fourth quarter. Bouchey Financial Group Ltd now owns 2,533 shares of the company’s stock worth $293,000 after buying an additional 476 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares of the company’s stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,334 shares of company stock valued at $4,639,194 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $142.00 to $147.00 in a research report on Monday. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Argus raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $163.40.

RTX Price Performance

NYSE RTX opened at $130.49 on Friday. RTX Co. has a twelve month low of $88.95 and a twelve month high of $132.43. 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 market capitalization of $173.83 billion, a PE ratio of 36.76, a P/E/G ratio of 2.11 and a beta of 0.82. The stock has a 50-day simple moving average of $122.39 and a 200 day simple moving average of $121.24.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.93%. RTX’s dividend payout ratio (DPR) is 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.