Callan Capital LLC Has $319,000 Stock Position in RTX Co. (NYSE:RTX)

Callan Capital LLC lowered its position in shares of RTX Co. (NYSE:RTX) by 20.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,796 shares of the company’s stock after selling 967 shares during the period. Callan Capital LLC’s holdings in RTX were worth $319,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in RTX during the 4th quarter worth approximately $25,000. Planned Solutions Inc. acquired a new position in RTX during the 4th quarter worth approximately $30,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of RTX by 352.0% in the 3rd 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 last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of RTX in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Bank of America increased their price objective on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, TD Cowen increased their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX has an average rating of “Hold” and an average target price of $96.27.

RTX Stock Performance

RTX stock traded down $0.31 during trading hours on Friday, hitting $101.40. 4,428,266 shares of the stock were exchanged, compared to its average volume of 8,184,741. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $134.81 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a 50-day simple moving average of $95.57 and a two-hundred day simple moving average of $87.51. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter last year, the business earned $1.22 earnings per share. RTX’s revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given 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 payout ratio is currently 92.55%.

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.