RTX Co. (NYSE:RTX) Shares Sold by Woodstock Corp

Woodstock Corp cut its holdings in shares of RTX Co. (NYSE:RTX) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,580 shares of the company’s stock after selling 1,554 shares during the quarter. RTX comprises approximately 1.8% of Woodstock Corp’s investment portfolio, making the stock its 13th biggest position. Woodstock Corp’s holdings in RTX were worth $18,365,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Svenska Handelsbanken AB publ purchased a new stake in shares of RTX in the 3rd quarter valued at approximately $2,020,000. Smith Chas P & Associates PA Cpas grew its position in shares of RTX by 4.1% during the third quarter. Smith Chas P & Associates PA Cpas now owns 6,777 shares of the company’s stock worth $821,000 after acquiring an additional 267 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in RTX by 1.1% in the third quarter. Douglas Lane & Associates LLC now owns 398,829 shares of the company’s stock valued at $48,322,000 after purchasing an additional 4,334 shares during the period. Gilman Hill Asset Management LLC purchased a new stake in RTX during the 3rd quarter valued at approximately $202,000. Finally, McGuire Investment Group LLC grew its stake in shares of RTX by 2.7% in the 3rd quarter. McGuire Investment Group LLC now owns 33,082 shares of the company’s stock valued at $4,008,000 after purchasing an additional 872 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $123.93 on Monday. The company has a market cap of $164.77 billion, a P/E ratio of 48.60, a P/E/G ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a one year low of $72.29 and a one year high of $125.93. The firm’s fifty day moving average price is $119.86 and its two-hundred day moving average price is $109.58.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.03%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RTX. Robert W. Baird increased their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and raised their price target for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Susquehanna boosted their target price on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, Melius Research raised their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX 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.