Enterprise Bank & Trust Co Has $290,000 Position in RTX Co. (NYSE:RTX)

Enterprise Bank & Trust Co lowered its stake in shares of RTX Co. (NYSE:RTXFree Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,450 shares of the company’s stock after selling 801 shares during the period. Enterprise Bank & Trust Co’s holdings in RTX were worth $290,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of RTX during the first quarter valued at about $28,000. VitalStone Financial LLC raised its position in shares of RTX by 136.5% during the second quarter. VitalStone Financial LLC now owns 369 shares of the company’s stock valued at $36,000 after buying an additional 213 shares during the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of RTX during the third quarter valued at about $28,000. Financial Gravity Asset Management Inc. raised its position in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of RTX during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 79.06% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on 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 directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the 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 sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares in the company, valued at $4,608,209.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.11% of the stock is currently owned by insiders.

RTX Trading Up 1.3 %

RTX stock traded up $1.17 during midday trading on Friday, reaching $92.93. The company’s stock had a trading volume of 35,743,611 shares, compared to its average volume of 8,277,555. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The stock has a market cap of $123.56 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $89.65 and its 200-day simple moving average is $82.85.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd will be paid a $0.59 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. RTX’s payout ratio is presently 105.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RTX shares. Robert W. Baird reissued a “neutral” rating and issued a $94.00 price target (up previously from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Barclays increased their price target 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. Royal Bank of Canada upped their price objective on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Finally, Wells Fargo & Company raised shares of RTX from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $120.00 in a research note on Thursday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.18.

Check Out Our Latest Research Report on RTX

About RTX

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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