RTX Co. (NYSE:RTX) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 96,063 shares of the company’s stock after selling 128 shares during the period. Valeo Financial Advisors LLC’s holdings in RTX were worth $9,369,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. Sloy Dahl & Holst LLC purchased a new position in RTX in the first quarter valued at about $226,000. Plimoth Trust Co. LLC raised its holdings in shares of RTX by 3.7% during the 1st quarter. Plimoth Trust Co. LLC now owns 38,163 shares of the company’s stock valued at $3,722,000 after buying an additional 1,347 shares during the period. Naviter Wealth LLC lifted its position in RTX by 5.8% during the 1st quarter. Naviter Wealth LLC now owns 19,002 shares of the company’s stock worth $1,853,000 after acquiring an additional 1,035 shares in the last quarter. Financial Security Advisor Inc. purchased a new position in RTX in the 1st quarter worth approximately $226,000. Finally, Buffington Mohr McNeal grew its position in RTX by 14.4% in the first quarter. Buffington Mohr McNeal now owns 16,014 shares of the company’s stock valued at $1,562,000 after acquiring an additional 2,013 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the topic of a number of recent research reports. Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Robert W. Baird raised their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group boosted their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, TD Cowen raised 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $98.33.

Insider Buying and Selling

In other news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now directly owns 149,050 shares in the company, valued at approximately $15,757,566. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the business’s 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 transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Insiders sold a total of 119,937 shares of company stock worth $12,256,952 in the last three months. 0.13% of the stock is owned by insiders.

RTX Stock Performance

RTX stock traded up $0.33 during trading on Wednesday, hitting $100.74. 2,148,065 shares of the company’s stock traded hands, compared to its average volume of 7,532,155. The stock has a fifty day moving average price of $104.36 and a two-hundred day moving average price of $95.92. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. RTX Co. has a 52 week low of $68.56 and a 52 week high of $108.65. The stock has a market capitalization of $133.93 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

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

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.