WD Rutherford LLC Sells 170 Shares of RTX Co. (NYSE:RTX)

WD Rutherford LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,635 shares of the company’s stock after selling 170 shares during the period. WD Rutherford LLC’s holdings in RTX were worth $309,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Jackson Hole Capital Partners LLC increased its stake in shares of RTX by 3.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 39,201 shares of the company’s stock worth $3,298,000 after purchasing an additional 1,302 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of RTX by 6.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 74,448 shares of the company’s stock worth $6,264,000 after purchasing an additional 4,491 shares during the last quarter. Syon Capital LLC increased its stake in shares of RTX by 49.9% during the 4th quarter. Syon Capital LLC now owns 9,224 shares of the company’s stock worth $776,000 after purchasing an additional 3,072 shares during the last quarter. Lyell Wealth Management LP increased its stake in shares of RTX by 4.3% during the 4th quarter. Lyell Wealth Management LP now owns 6,801 shares of the company’s stock worth $572,000 after purchasing an additional 283 shares during the last quarter. Finally, Community Bank N.A. increased its stake in shares of RTX by 13.1% during the 4th quarter. Community Bank N.A. now owns 36,594 shares of the company’s stock worth $3,079,000 after purchasing an additional 4,231 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen boosted their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Royal Bank of Canada boosted their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Finally, Robert W. Baird boosted their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $96.27.

Insider Buying and Selling at RTX

In other 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 transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related 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 transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last 90 days. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

RTX stock opened at $101.40 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $134.81 billion, a PE ratio of 39.76, a P/E/G ratio of 1.84 and a beta of 0.88. The firm has a fifty day simple moving average of $95.57 and a two-hundred day simple moving average of $87.51. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Research analysts expect that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s payout ratio is presently 92.55%.

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.