Capital International Sarl Sells 8,010 Shares of RTX Co. (NYSE:RTX)

Capital International Sarl reduced its stake in RTX Co. (NYSE:RTX) by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,841 shares of the company’s stock after selling 8,010 shares during the period. Capital International Sarl’s holdings in RTX were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors grew its position in RTX by 23.7% during the 4th quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock worth $7,608,822,000 after acquiring an additional 17,351,313 shares during the last quarter. Capital International Investors grew its position in RTX by 20.6% during the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock worth $5,488,752,000 after acquiring an additional 11,163,222 shares during the last quarter. Norges Bank bought a new stake in RTX during the 4th quarter worth approximately $690,154,000. Massachusetts Financial Services Co. MA grew its position in RTX by 82.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock worth $1,288,157,000 after acquiring an additional 6,932,011 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in RTX by 129.9% during the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock worth $341,710,000 after acquiring an additional 2,294,908 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 0.4 %

RTX stock traded up $0.48 during mid-day trading on Friday, hitting $113.95. 7,460,494 shares of the company’s stock were exchanged, compared to its average volume of 7,454,204. The firm has a market capitalization of $151.50 billion, a P/E ratio of 44.69, a PEG ratio of 1.87 and a beta of 0.82. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $115.82. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The company’s 50 day simple moving average is $104.47 and its 200-day simple moving average is $98.22.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.29 by $0.12. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, equities analysts anticipate that RTX Co. will post 5.4 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen increased their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $148.69.

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.