RTX Co. (NYSE:RTX) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its holdings in RTX Co. (NYSE:RTX) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,636 shares of the company’s stock after selling 1,516 shares during the quarter. Weatherly Asset Management L. P.’s holdings in RTX were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in RTX in the fourth quarter worth approximately $794,000. Element Wealth LLC purchased a new position in RTX during the 4th quarter worth approximately $253,000. Community Bank & Trust Waco Texas grew its position in RTX by 5.0% during the 4th quarter. Community Bank & Trust Waco Texas now owns 12,163 shares of the company’s stock worth $1,023,000 after purchasing an additional 575 shares in the last quarter. Parkside Financial Bank & Trust grew its position in RTX by 21.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 12,245 shares of the company’s stock worth $1,030,000 after purchasing an additional 2,181 shares in the last quarter. Finally, SlateStone Wealth LLC grew its position in RTX by 6.3% during the 4th quarter. SlateStone Wealth LLC now owns 49,371 shares of the company’s stock worth $4,154,000 after purchasing an additional 2,923 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of RTX 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 transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of RTX 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 transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction on 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 transaction, the executive vice president now owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 in the last quarter. 0.13% of the stock is currently owned by company insiders.

RTX Stock Down 0.2 %

Shares of RTX stock traded down $0.22 on Tuesday, hitting $101.34. The company’s stock had a trading volume of 8,567,400 shares, compared to its average volume of 8,264,439. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The firm’s fifty day moving average price is $94.76 and its 200-day moving average price is $86.89. The stock has a market capitalization of $134.75 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 1.85 and a beta of 0.88.

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

RTX Dividend Announcement

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

Analysts Set New Price Targets

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

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.