Sage Mountain Advisors LLC Has $314,000 Stake in RTX Co. (NYSE:RTX)

Sage Mountain Advisors LLC decreased its holdings in RTX Co. (NYSE:RTX) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,727 shares of the company’s stock after selling 640 shares during the period. Sage Mountain Advisors LLC’s holdings in RTX were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in RTX by 1.9% in the third quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock worth $987,871,000 after buying an additional 256,215 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in RTX by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock worth $784,735,000 after buying an additional 60,319 shares during the last quarter. Sanders Capital LLC grew its holdings in RTX by 20.2% during the third quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after purchasing an additional 1,682,928 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in RTX by 29.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after purchasing an additional 1,914,184 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in RTX by 9.8% during the third quarter. American Century Companies Inc. now owns 6,665,887 shares of the company’s stock valued at $479,744,000 after purchasing an additional 593,305 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. Royal Bank of Canada increased their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. UBS Group lifted their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Barclays lifted their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.40.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Down 1.0 %

NYSE:RTX opened at $100.50 on Tuesday. The stock has a market capitalization of $133.63 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88. The business’s 50-day simple moving average is $94.76 and its 200-day simple moving average is $86.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $102.63.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 EPS. Sell-side analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.35%. The ex-dividend date was Thursday, February 22nd. RTX’s payout ratio is 105.36%.

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.