Schnieders Capital Management LLC Decreases Holdings in RTX Co. (NYSE:RTX)

Schnieders Capital Management LLC reduced its position in RTX Co. (NYSE:RTX) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,523 shares of the company’s stock after selling 5,308 shares during the period. Schnieders Capital Management LLC’s holdings in RTX were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bear Mountain Capital Inc. purchased a new stake in shares of RTX during the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in RTX in the third quarter worth approximately $28,000. Planned Solutions Inc. purchased a new position in shares of RTX during the 4th quarter worth $30,000. Financial Gravity Asset Management Inc. grew its position in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the period. Finally, Valley National Advisers Inc. increased its stake in shares of RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, COO Christopher T. Calio sold 367 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on 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 owns 11,676 shares in the company, valued at approximately $1,076,176.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on RTX. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Barclays lifted their price target on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Robert W. Baird boosted their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada upped their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.40.

RTX Price Performance

RTX stock traded down $0.22 during mid-day trading on Tuesday, reaching $101.34. 8,567,400 shares of the company’s stock traded hands, compared to its average volume of 8,264,439. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.89. The company has a market cap of $134.75 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 1.85 and a beta of 0.88. The stock has a 50 day moving average of $94.97 and a two-hundred day moving average of $87.12. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last announced its 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. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 EPS. Equities analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is 105.36%.

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.