RTX Co. (NYSE:RTX) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC decreased its position in RTX Co. (NYSE:RTX) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,193 shares of the company’s stock after selling 289 shares during the quarter. Naviter Wealth LLC’s holdings in RTX were worth $2,325,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RTX. Los Angeles Capital Management LLC boosted its position in shares of RTX by 196.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 147,313 shares of the company’s stock valued at $14,367,000 after purchasing an additional 97,587 shares during the period. Alaska Permanent Fund Corp purchased a new position in shares of RTX in the first quarter worth approximately $42,000. St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of RTX during the first quarter valued at approximately $1,431,000. Wedmont Private Capital boosted its stake in RTX by 10.9% in the 1st quarter. Wedmont Private Capital now owns 11,724 shares of the company’s stock worth $1,191,000 after purchasing an additional 1,152 shares during the period. Finally, Lantz Financial LLC purchased a new position in RTX during the 1st quarter worth approximately $249,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the sale, the executive vice president now directly owns 38,855 shares in the company, valued at $4,463,273.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now directly owns 38,855 shares in the company, valued at $4,463,273.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Citigroup raised their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and upped their target price for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a report on Tuesday, July 30th. Finally, Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $162.50.

RTX Stock Up 0.0 %

Shares of NYSE RTX traded up $0.02 during mid-day trading on Thursday, reaching $126.24. 190,347 shares of the company traded hands, compared to its average volume of 6,797,244. The company’s fifty day moving average is $120.50 and its two-hundred day moving average is $110.07. RTX Co. has a fifty-two week low of $72.48 and a fifty-two week high of $126.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $167.93 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. On average, analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is 145.67%.

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.