Annex Advisory Services LLC Sells 109 Shares of RTX Co. (NYSE:RTX)

Annex Advisory Services LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,478 shares of the company’s stock after selling 109 shares during the quarter. Annex Advisory Services LLC’s holdings in RTX were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Motco raised its holdings in shares of RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after acquiring an additional 99 shares in the last quarter. Enterprise Bank & Trust Co lifted its holdings in shares of RTX by 2.9% during the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares in the last quarter. Gold Investment Management Ltd. lifted its holdings in RTX by 3.5% in the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock valued at $297,000 after acquiring an additional 103 shares during the period. Insight Inv LLC increased its position in RTX by 0.6% in the first quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock worth $1,687,000 after buying an additional 105 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of RTX by 3.8% during the second quarter. Quent Capital LLC now owns 2,862 shares of the company’s stock worth $287,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock valued at $20,861,880 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RTX. UBS Group raised their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. TD Cowen upped their price target on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $153.47.

RTX Price Performance

Shares of RTX traded up $1.05 during mid-day trading on Friday, reaching $116.15. The company had a trading volume of 5,534,344 shares, compared to its average volume of 7,340,943. RTX Co. has a twelve month low of $68.56 and a twelve month high of $118.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company’s 50-day moving average is $106.44 and its 200-day moving average is $100.38. The company has a market capitalization of $154.51 billion, a P/E ratio of 45.55, a P/E/G ratio of 2.02 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, equities analysts anticipate that RTX Co. will post 5.44 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.17%. RTX’s dividend payout ratio is presently 98.82%.

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.