Soundmark Wealth Management LLC Makes New Investment in RTX Co. (NYSE:RTX)

Soundmark Wealth Management LLC acquired a new position in shares of RTX Co. (NYSE:RTXFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,150 shares of the company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of RTX. V Square Quantitative Management LLC purchased a new stake in shares of RTX in the third quarter valued at approximately $169,000. Regal Investment Advisors LLC lifted its holdings in RTX by 3.6% during the third quarter. Regal Investment Advisors LLC now owns 7,189 shares of the company’s stock worth $517,000 after buying an additional 252 shares during the period. LPL Financial LLC lifted its holdings in RTX by 4.5% during the third quarter. LPL Financial LLC now owns 1,803,666 shares of the company’s stock worth $129,791,000 after buying an additional 78,083 shares during the period. Rodgers Brothers Inc. lifted its holdings in RTX by 52.1% during the third quarter. Rodgers Brothers Inc. now owns 5,030 shares of the company’s stock worth $362,000 after buying an additional 1,723 shares during the period. Finally, Visionary Wealth Advisors lifted its holdings in RTX by 9.7% during the third quarter. Visionary Wealth Advisors now owns 3,236 shares of the company’s stock worth $233,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’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 owns 149,050 shares in the company, valued at $15,757,566. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction 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 approximately $15,757,566. The disclosure for this sale can be found here. Insiders sold a total of 119,937 shares of company stock worth $12,256,952 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 0.5 %

Shares of RTX stock traded up $0.54 during trading on Friday, hitting $105.61. 13,311,891 shares of the stock traded hands, compared to its average volume of 4,735,286. The firm has a market capitalization of $140.41 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The firm’s fifty day moving average price is $104.38 and its 200-day moving average price is $94.80. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 earnings per share. As a group, research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.39%. RTX’s dividend payout ratio (DPR) is 98.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RTX shares. Susquehanna upped their price target on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Citigroup upped their price target on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their target price on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Barclays upped their target price on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Finally, Bank of America upped their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $98.33.

Read Our Latest Stock Report on RTX

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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