Wolff Wiese Magana LLC Sells 391 Shares of RTX Co. (NYSE:RTX)

Wolff Wiese Magana LLC cut its holdings in RTX Co. (NYSE:RTX) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,351 shares of the company’s stock after selling 391 shares during the period. RTX makes up 1.8% of Wolff Wiese Magana LLC’s portfolio, making the stock its 15th largest position. Wolff Wiese Magana LLC’s holdings in RTX were worth $2,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. RFG Advisory LLC boosted its position in RTX by 96.1% during the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of RTX during the second quarter worth about $30,837,000. Capital Advisors Ltd. LLC grew its stake in shares of RTX by 7.3% in the first quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock worth $239,000 after purchasing an additional 166 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in RTX by 126.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock valued at $17,134,000 after purchasing an additional 98,248 shares during the period. Finally, &PARTNERS raised its position in RTX by 64.7% during the 1st quarter. &PARTNERS now owns 5,991 shares of the company’s stock valued at $584,000 after purchasing an additional 2,353 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.9 %

Shares of NYSE:RTX opened at $126.20 on Thursday. 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 1 year low of $72.48 and a 1 year high of $126.82. The company has a market cap of $167.88 billion, a P/E ratio of 72.95, a PEG ratio of 2.21 and a beta of 0.82. The stock’s fifty day moving average price is $120.50 and its 200-day moving average price is $110.07.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX’s payout ratio is 145.67%.

Analyst Ratings Changes

Several research firms have recently issued reports on RTX. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Robert W. Baird boosted their price objective on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company cut their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Citigroup increased their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Hold” and a consensus price target of $162.50.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $773,597.16. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 in the last three months. 0.13% of the stock is currently owned by company insiders.

RTX 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.