Neville Rodie & Shaw Inc. Cuts Stock Position in RTX Co. (NYSE:RTX)

Neville Rodie & Shaw Inc. lessened its stake in shares of RTX Co. (NYSE:RTX) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,936 shares of the company’s stock after selling 134 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in RTX were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Lantz Financial LLC grew its holdings in RTX by 8.0% during the second quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock worth $277,000 after acquiring an additional 204 shares during the period. Private Advisor Group LLC grew its holdings in RTX by 2.0% in the second quarter. Private Advisor Group LLC now owns 168,190 shares of the company’s stock valued at $16,885,000 after purchasing an additional 3,272 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in RTX by 15.7% in the second quarter. Lake Street Advisors Group LLC now owns 12,290 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,666 shares during the last quarter. Chicago Capital LLC grew its holdings in RTX by 2.3% in the second quarter. Chicago Capital LLC now owns 15,921 shares of the company’s stock valued at $1,598,000 after purchasing an additional 355 shares during the last quarter. Finally, Chris Bulman Inc acquired a new stake in RTX in the second quarter valued at $69,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.8 %

Shares of RTX stock traded down $0.88 during trading hours on Monday, reaching $114.99. The company had a trading volume of 1,596,372 shares, compared to its average volume of 2,512,575. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company has a market capitalization of $153.05 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The stock’s fifty day simple moving average is $118.87 and its 200 day simple moving average is $116.59.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.19%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.67.

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.