RTX Co. (NYSE:RTX) Shares Sold by Baldwin Brothers LLC MA

Baldwin Brothers LLC MA reduced its position in RTX Co. (NYSE:RTX) by 19.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,249 shares of the company’s stock after selling 535 shares during the quarter. Baldwin Brothers LLC MA’s holdings in RTX were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Bear Mountain Capital Inc. purchased a new position in shares of RTX in the fourth quarter worth about $25,000. Lynx Investment Advisory acquired a new stake in RTX in the 2nd quarter valued at about $26,000. Tennessee Valley Asset Management Partners purchased a new position in RTX in the 4th quarter worth approximately $38,000. Fairman Group LLC purchased a new position in RTX during the fourth quarter worth approximately $38,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in RTX by 42.2% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.9 %

Shares of RTX stock traded up $1.05 on Friday, reaching $116.15. 5,534,344 shares of the company were exchanged, compared to its average volume of 7,340,943. The stock’s 50 day moving average price is $106.44 and its 200-day moving average price is $100.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $68.56 and a 1-year high of $118.30. The company has a market cap of $154.51 billion, a P/E ratio of 45.55, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that RTX Co. will post 5.44 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio (DPR) is 98.82%.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Barclays lifted their price target on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Melius Research boosted their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.47.

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.