RTX Co. (NYSE:RTX) Shares Sold by Nvest Financial LLC

Nvest Financial LLC trimmed its position in RTX Co. (NYSE:RTX) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,465 shares of the company’s stock after selling 1,263 shares during the period. RTX accounts for about 1.8% of Nvest Financial LLC’s investment portfolio, making the stock its 16th biggest holding. Nvest Financial LLC’s holdings in RTX were worth $2,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in RTX by 7.9% in the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock worth $141,000 after purchasing an additional 106 shares in the last quarter. Jacobsen Capital Management lifted its holdings in RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after acquiring an additional 114 shares during the last quarter. Diligent Investors LLC lifted its holdings in RTX by 1.4% in the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after acquiring an additional 118 shares during the last quarter. Hummer Financial Advisory Services Inc lifted its holdings in RTX by 1.7% in the first quarter. Hummer Financial Advisory Services Inc now owns 7,334 shares of the company’s stock worth $715,000 after acquiring an additional 120 shares during the last quarter. Finally, Lcnb Corp lifted its holdings in RTX by 1.8% in the fourth quarter. Lcnb Corp now owns 7,065 shares of the company’s stock worth $594,000 after acquiring an additional 122 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In other RTX 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 of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RTX 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 of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,937 shares of company stock valued at $12,256,952. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.9 %

Shares of NYSE:RTX traded up $0.86 during trading on Tuesday, reaching $100.41. 8,083,730 shares of the company traded hands, compared to its average volume of 7,574,484. The firm has a fifty day simple moving average of $104.36 and a 200 day simple moving average of $95.92. The firm has a market cap of $133.50 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $108.65. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last issued 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. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same quarter last year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is presently 98.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. Citigroup lifted their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays lifted their price target on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Susquehanna lifted their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Finally, TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.33.

About RTX

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.