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

Montis Financial LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,514 shares of the company’s stock after selling 340 shares during the period. Montis Financial LLC’s holdings in RTX were worth $668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RFG Advisory LLC lifted its holdings in RTX by 96.1% during the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in RTX in the 2nd quarter worth about $30,837,000. Capital Advisors Ltd. LLC increased its stake in RTX by 7.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock worth $239,000 after buying an additional 166 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of RTX by 126.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock valued at $17,134,000 after acquiring an additional 98,248 shares during the last quarter. Finally, CWM LLC lifted its position in shares of RTX by 7.2% in the first quarter. CWM LLC now owns 126,970 shares of the company’s stock valued at $12,383,000 after acquiring an additional 8,493 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction dated 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 approximately $1,402,773.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last three months. 0.13% of the stock is owned by company insiders.

RTX Stock Up 0.8 %

Shares of RTX opened at $123.93 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm has a market cap of $164.86 billion, a P/E ratio of 71.64, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company’s 50-day moving average price is $119.86 and its 200 day moving average price is $109.49. RTX Co. has a 12-month low of $72.29 and a 12-month high of $125.93.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period in the prior year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that RTX Co. will post 5.46 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 145.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RTX shares. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Susquehanna raised their price target on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research note on Tuesday, July 30th. Finally, Melius Research upped their price target on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $162.50.

RTX Company Profile

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.