RTX Co. (NYSE:RTX) Shares Sold by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,035 shares of the company’s stock after selling 191 shares during the quarter. Tradewinds Capital Management LLC’s holdings in RTX were worth $198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. RFG Advisory LLC lifted its position in RTX by 96.1% in the first 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 last quarter. TCW Group Inc. acquired a new stake in shares of RTX in the fourth quarter valued at approximately $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $672,000. Mather Group LLC. boosted its holdings in shares of RTX by 8.5% in the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,079 shares during the period. Finally, Rockline Wealth Management LLC acquired a new stake in shares of RTX during the fourth quarter worth $2,438,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is currently owned by insiders.

RTX Stock Performance

Shares of NYSE:RTX traded up $0.23 during trading on Wednesday, hitting $100.64. 1,217,601 shares of the stock were exchanged, compared to its average volume of 7,523,887. RTX Co. has a 1-year low of $68.56 and a 1-year high of $108.65. The company has a market capitalization of $133.80 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The company’s fifty day simple moving average is $104.36 and its 200-day simple moving average is $95.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.50%. RTX’s payout ratio is 98.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RTX shares. Wells Fargo & Company increased their price target on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Susquehanna lifted their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Bank of America raised their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, Robert W. Baird boosted their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.33.

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.