RTX Co. (NYSE:RTX) Shares Sold by White Pine Capital LLC

White Pine Capital LLC lessened its stake in shares of RTX Co. (NYSE:RTX) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,610 shares of the company’s stock after selling 629 shares during the quarter. White Pine Capital LLC’s holdings in RTX were worth $640,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RTX. Bear Mountain Capital Inc. acquired a new stake in RTX during the 4th quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new position in shares of RTX during the 3rd quarter worth $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. lifted its stake 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 worth $32,000 after purchasing an additional 345 shares during the period. Finally, Valley National Advisers Inc. lifted its stake in shares of RTX by 37.4% during 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 during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup increased their price target on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna increased their target price on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, TD Cowen increased their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.27.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction 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 $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Down 0.3 %

NYSE:RTX traded down $0.30 during mid-day trading on Friday, hitting $101.41. The company had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. The business has a fifty day simple moving average of $95.57 and a 200-day simple moving average of $87.61. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The firm has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $18.44 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

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 dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio is presently 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.