Beaumont Asset Management L.L.C. Sells 1,101 Shares of RTX Co. (NYSE:RTX)

Beaumont Asset Management L.L.C. reduced its stake in RTX Co. (NYSE:RTX) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,653 shares of the company’s stock after selling 1,101 shares during the period. Beaumont Asset Management L.L.C.’s holdings in RTX were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RTX. Boston Partners bought a new stake in shares of RTX in the third quarter valued at approximately $355,350,000. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 1,914,184 shares in the last quarter. Van ECK Associates Corp raised its position in 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 purchasing an additional 1,745,344 shares in the last quarter. Sanders Capital LLC raised its position in 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 purchasing an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in 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 purchasing an additional 1,389,143 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’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 completion of 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 the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s 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 owns 49,894 shares in the company, valued at $4,608,209.84. The sale 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 dated Wednesday, February 14th. The stock was 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 owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 over the last three months. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock traded down $0.18 during trading hours on Tuesday, hitting $101.38. 8,564,100 shares of the company were exchanged, compared to its average volume of 8,244,371. The firm has a fifty day simple moving average of $94.76 and a 200 day simple moving average of $86.89. The stock has a market capitalization of $134.80 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 1.85 and a beta of 0.88. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. Research analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is presently 105.36%.

Wall Street Analyst Weigh In

Several brokerages have commented on RTX. UBS Group boosted their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price target on shares of RTX in a report on Monday, April 1st. Finally, Robert W. Baird upped their price target on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $93.40.

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.