Mendel Money Management Lowers Stock Position in RTX Co. (NYSE:RTX)

Mendel Money Management decreased its holdings in shares of RTX Co. (NYSE:RTX) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,769 shares of the company’s stock after selling 274 shares during the period. Mendel Money Management’s holdings in RTX were worth $1,130,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RTX. Ausdal Financial Partners Inc. grew its position in shares of RTX by 14.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 10,297 shares of the company’s stock valued at $1,192,000 after purchasing an additional 1,290 shares during the period. Financial Engines Advisors L.L.C. lifted its position in shares of RTX by 145.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 11,119 shares of the company’s stock worth $1,287,000 after purchasing an additional 6,587 shares in the last quarter. Financial Counselors Inc. grew its stake in RTX by 0.3% during the 4th quarter. Financial Counselors Inc. now owns 481,538 shares of the company’s stock valued at $55,724,000 after purchasing an additional 1,390 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in RTX by 28.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 38,407 shares of the company’s stock worth $4,444,000 after acquiring an additional 8,400 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp grew its position in shares of RTX by 3.4% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 4,521 shares of the company’s stock worth $523,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.9 %

Shares of NYSE:RTX opened at $135.84 on Wednesday. The firm has a market capitalization of $181.36 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The firm has a fifty day moving average of $127.81 and a 200 day moving average of $122.79. RTX Co. has a 52-week low of $95.58 and a 52-week high of $135.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America boosted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

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.