RTX Co. (NYSE:RTX) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,291 shares of the company’s stock after selling 2,988 shares during the period. RTX comprises 3.0% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 6th largest holding. LaFleur & Godfrey LLC’s holdings in RTX were worth $21,481,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its holdings in RTX by 96.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 29,996 shares of the company’s stock worth $3,634,000 after purchasing an additional 14,712 shares during the last quarter. Terra Nova Asset Management LLC grew its holdings in RTX by 148.3% during the 3rd quarter. Terra Nova Asset Management LLC now owns 12,675 shares of the company’s stock worth $1,536,000 after acquiring an additional 7,571 shares during the period. Jamison Private Wealth Management Inc. raised its position in shares of RTX by 1.4% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 23,828 shares of the company’s stock worth $2,887,000 after acquiring an additional 318 shares in the last quarter. Asset Dedication LLC lifted its stake in shares of RTX by 9.8% in the 3rd quarter. Asset Dedication LLC now owns 23,627 shares of the company’s stock valued at $2,863,000 after purchasing an additional 2,102 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in RTX during the third quarter worth approximately $823,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Shane G. Eddy sold 6,741 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the 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 directly owns 566,723 shares in the company, valued at $66,725,966.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and boosted their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Susquehanna increased their price objective on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Wells Fargo & Company dropped their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $162.50.

RTX Stock Performance

Shares of NYSE:RTX traded up $0.40 during mid-day trading on Wednesday, reaching $125.43. 1,200,521 shares of the company traded hands, compared to its average volume of 6,820,644. 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 price is $120.26 and its 200-day moving average price is $109.96. The firm has a market cap of $166.76 billion, a PE ratio of 48.93, a PEG ratio of 2.18 and a beta of 0.82. RTX Co. has a 52 week low of $72.48 and a 52 week high of $126.82.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX’s payout ratio is 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.