WD Rutherford LLC Sells 170 Shares of RTX Co. (NYSE:RTX)

WD Rutherford LLC lowered its position in RTX Co. (NYSE:RTX) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 3,635 shares of the company’s stock after selling 170 shares during the quarter. WD Rutherford LLC’s holdings in RTX were worth $309,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of RTX during the third quarter valued at approximately $355,350,000. Massachusetts Financial Services Co. MA raised its stake in shares of RTX by 29.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after acquiring an additional 1,914,184 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of RTX by 8,331.0% during the third quarter. Van ECK Associates Corp now owns 1,766,294 shares of the company’s stock valued at $127,120,000 after acquiring an additional 1,745,344 shares in the last quarter. Sanders Capital LLC raised its stake in shares of RTX by 20.2% during the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after acquiring an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of RTX by 12,753.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock valued at $117,799,000 after acquiring an additional 1,389,143 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $101.40 on Friday. The firm has a market capitalization of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company’s fifty day moving average price is $95.57 and its 200-day moving average price is $87.51.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. 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 presently 92.55%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were 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 filing with the SEC, which is available through the SEC website. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. UBS Group boosted their price objective on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Barclays boosted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Susquehanna boosted their price objective on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average price target of $96.27.

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.