Country Club Bank GFN Reduces Stock Holdings in RTX Co. (NYSE:RTX)

Country Club Bank GFN decreased its stake in RTX Co. (NYSE:RTXFree Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,687 shares of the company’s stock after selling 3,007 shares during the quarter. Country Club Bank GFN’s holdings in RTX were worth $9,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diligent Investors LLC grew its stake in shares of RTX by 1.4% in the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after buying an additional 118 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of RTX by 2.2% in the first quarter. Waverly Advisors LLC now owns 5,686 shares of the company’s stock valued at $557,000 after buying an additional 122 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after purchasing an additional 128 shares during the period. Finally, Dempze Nancy E boosted its holdings in RTX by 0.5% in the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. UBS Group lifted 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. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, Barclays lifted their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.12.

Check Out Our Latest Stock Report on RTX

RTX Stock Performance

RTX stock traded up $0.14 during trading on Monday, hitting $97.67. The company had a trading volume of 1,885,973 shares, compared to its average volume of 8,019,311. The firm has a market cap of $129.87 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.88. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The firm has a 50-day moving average price of $91.65 and a 200-day moving average price of $83.77. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

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

RTX Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is currently 105.36%.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is available through this link. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on 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 transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by corporate insiders.

RTX Company Profile

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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