RTX Co. (NYSE:RTX) Shares Sold by Roundview Capital LLC

Roundview Capital LLC trimmed its holdings in RTX Co. (NYSE:RTXFree Report) by 53.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,518 shares of the company’s stock after selling 13,005 shares during the quarter. Roundview Capital LLC’s holdings in RTX were worth $969,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New Republic Capital LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $265,000. TFO Wealth Partners LLC lifted its stake in RTX by 4,655.6% in the fourth quarter. TFO Wealth Partners LLC now owns 13,268 shares of the company’s stock valued at $1,116,000 after buying an additional 12,989 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of RTX by 6.8% in the fourth quarter. Sanders Capital LLC now owns 10,674,438 shares of the company’s stock valued at $898,147,000 after acquiring an additional 677,520 shares during the period. Weiss Asset Management LP purchased a new position in shares of RTX during the fourth quarter worth approximately $416,000. Finally, Legacy Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at $217,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays boosted their price target on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. UBS Group upped their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on shares of RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Citigroup lifted their target price on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.33.

Read Our Latest Report on RTX

RTX Stock Performance

RTX stock opened at $105.72 on Friday. 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 has a market cap of $140.56 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 1.83 and a beta of 0.84. The business has a fifty day simple moving average of $101.94 and a 200-day simple moving average of $91.92. RTX Co. has a 52 week low of $68.56 and a 52 week high of $107.82.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating 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 period in the previous year, the company posted $1.22 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 annualized dividend and a yield of 2.38%. RTX’s payout ratio is 98.82%.

Insiders Place Their Bets

In other news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction on Friday, May 10th. The shares were 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 directly owns 149,050 shares in the company, valued at $15,757,566. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders sold a total of 120,042 shares of company stock worth $12,266,459 in the last 90 days. 0.13% of the stock is owned by company 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.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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