RTX Co. (NYSE:RTX) Shares Sold by Austin Private Wealth LLC

Austin Private Wealth LLC reduced its holdings in RTX Co. (NYSE:RTX) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,103 shares of the company’s stock after selling 155 shares during the quarter. Austin Private Wealth LLC’s holdings in RTX were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RTX. Cary Street Partners Investment Advisory LLC increased its holdings in shares of RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares in the last quarter. Rockline Wealth Management LLC purchased a new stake in shares of RTX during the 4th quarter worth approximately $2,438,000. B&D White Capital Company LLC acquired a new stake in shares of RTX in the 3rd quarter worth approximately $14,186,000. Peddock Capital Advisors LLC increased its stake in RTX by 3.5% in the 3rd quarter. Peddock Capital Advisors LLC now owns 5,117 shares of the company’s stock valued at $368,000 after purchasing an additional 175 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. acquired a new position in RTX during the fourth quarter worth $206,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, COO Christopher T. Calio sold 367 shares of the 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 completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $97.56 on Friday. The company has a market cap of $129.72 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $91.41 and a two-hundred day moving average price of $83.52. RTX Co. has a 12-month low of $68.56 and a 12-month high of $104.91.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is presently 105.36%.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded RTX from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $120.00 in a research report on Thursday, March 14th. Royal Bank of Canada lifted their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. UBS Group raised their price target on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Barclays raised their target price on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.12.

RTX 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.