Austin Private Wealth LLC Has $345,000 Stock Holdings in RTX Co. (NYSE:RTX)

Austin Private Wealth LLC cut its holdings in RTX Co. (NYSE:RTX) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,103 shares of the company’s stock after selling 155 shares during the quarter. Austin Private Wealth LLC’s holdings in RTX were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Strengthening Families & Communities LLC bought a new stake in shares of RTX in the third quarter valued at about $28,000. Quarry LP bought a new position in RTX in the 1st quarter valued at about $28,000. Planned Solutions Inc. acquired a new position in shares of RTX in the 4th quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after acquiring an additional 127 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RTX. Wells Fargo & Company upgraded RTX from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $100.00 to $120.00 in a research note on Thursday, March 14th. UBS Group boosted their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Barclays lifted their target price 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. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 target price (up previously from $88.00) on shares of RTX in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average price target of $95.12.

RTX Price Performance

Shares of NYSE:RTX opened at $97.56 on Friday. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a market cap of $129.72 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The stock’s fifty day simple moving average is $91.41 and its two-hundred day simple moving average is $83.52.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The company 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 last year, the business posted $1.27 EPS. As a group, analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. RTX’s dividend payout ratio (DPR) is currently 105.36%.

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.