RTX Co. (NYSE:RTX) Position Lowered by Bank of New Hampshire

Bank of New Hampshire decreased its stake in shares of RTX Co. (NYSE:RTX) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,055 shares of the company’s stock after selling 11,036 shares during the quarter. Bank of New Hampshire’s holdings in RTX were worth $1,014,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of RTX by 26.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC bought a new position in RTX in the fourth quarter worth about $2,438,000. B&D White Capital Company LLC bought a new position in RTX in the third quarter worth about $14,186,000. PDS Planning Inc bought a new position in RTX in the fourth quarter worth about $356,000. Finally, Cullen Investment Group LTD. bought a new position in RTX in the fourth quarter worth about $843,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RTX. Robert W. Baird raised their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Bank of America raised their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. UBS Group lifted their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TD Cowen lifted their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.27.

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 the business’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 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 0.4 %

Shares of RTX stock traded down $0.40 on Friday, hitting $101.31. The company’s stock had a trading volume of 2,199,117 shares, compared to its average volume of 8,155,638. 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 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 $95.36 and its 200-day moving average price is $87.31. The stock has a market capitalization of $134.69 billion, a price-to-earnings ratio of 39.90, a P/E/G 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the business earned $1.22 EPS. RTX’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that RTX Co. will post 5.4 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is presently 92.55%.

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.