180 Wealth Advisors LLC Trims Holdings in RTX Co. (NYSE:RTX)

180 Wealth Advisors LLC trimmed its stake in RTX Co. (NYSE:RTX) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,764 shares of the company’s stock after selling 720 shares during the period. 180 Wealth Advisors LLC’s holdings in RTX were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrive Wealth Management LLC lifted its holdings in shares of RTX by 17.4% in the 1st quarter. Thrive Wealth Management LLC now owns 4,039 shares of the company’s stock worth $394,000 after buying an additional 599 shares during the period. Client First Capital LLC purchased a new stake in RTX in the first quarter worth about $210,000. Chesley Taft & Associates LLC increased its position in RTX by 143.6% during the 1st quarter. Chesley Taft & Associates LLC now owns 78,703 shares of the company’s stock valued at $7,676,000 after purchasing an additional 46,399 shares during the period. Procyon Advisors LLC raised its holdings in shares of RTX by 17.5% in the 1st quarter. Procyon Advisors LLC now owns 33,044 shares of the company’s stock valued at $3,223,000 after purchasing an additional 4,913 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of RTX by 151.0% in the 1st quarter. Franklin Street Advisors Inc. NC now owns 144,269 shares of the company’s stock worth $14,071,000 after purchasing an additional 86,794 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX stock traded down $0.07 on Friday, hitting $100.55. The company had a trading volume of 2,104,021 shares, compared to its average volume of 7,499,285. The firm has a market cap of $133.68 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. RTX Co. has a twelve month low of $68.56 and a twelve month high of $108.65. The company has a 50-day moving average price of $104.44 and a 200-day moving average price of $95.34. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping 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 business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities 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 will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.51%. RTX’s payout ratio is 98.82%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen lifted their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Robert W. Baird raised their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Citigroup lifted their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Barclays increased their target price on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.33.

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.