Beaumont Financial Advisors LLC Sells 325 Shares of RTX Co. (NYSE:RTX)

Beaumont Financial Advisors LLC lowered its holdings in RTX Co. (NYSE:RTX) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,941 shares of the company’s stock after selling 325 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in RTX were worth $836,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in shares of RTX during the 4th quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in RTX during the 3rd quarter worth approximately $28,000. Quarry LP purchased a new stake in RTX during the 1st quarter worth approximately $28,000. Planned Solutions Inc. purchased a new stake in RTX during the 4th quarter worth approximately $30,000. Finally, Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last three months. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on RTX shares. Robert W. Baird boosted their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays upped their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Royal Bank of Canada upped their price objective on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, UBS Group upped their price objective on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $94.44.

RTX Stock Performance

NYSE:RTX opened at $101.57 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The company has a fifty day moving average of $94.55 and a two-hundred day moving average of $86.44. The stock has a market capitalization of $135.05 billion, a PE ratio of 45.34, a P/E/G ratio of 1.83 and a beta of 0.88. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.32.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. As a group, research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is presently 105.36%.

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.