RTX Co. (NYSE:RTX) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. trimmed its position in shares of RTX Co. (NYSE:RTX) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,536 shares of the company’s stock after selling 17,855 shares during the period. Community Trust & Investment Co.’s holdings in RTX were worth $15,816,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its position in shares of RTX by 7.0% during the 1st quarter. Brookstone Capital Management now owns 44,718 shares of the company’s stock worth $4,361,000 after acquiring an additional 2,909 shares in the last quarter. Future Financial Wealth Managment LLC boosted its holdings in shares of RTX by 7.3% in the 1st quarter. Future Financial Wealth Managment LLC now owns 3,726 shares of the company’s stock valued at $363,000 after buying an additional 255 shares in the last quarter. GoalVest Advisory LLC raised its stake in RTX by 374.6% during the 1st quarter. GoalVest Advisory LLC now owns 579 shares of the company’s stock worth $56,000 after acquiring an additional 457 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its position in RTX by 29.0% in the first quarter. Matrix Asset Advisors Inc. NY now owns 70,973 shares of the company’s stock valued at $6,922,000 after acquiring an additional 15,941 shares during the last quarter. Finally, Revolve Wealth Partners LLC acquired a new position in RTX in the first quarter valued at $244,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on RTX shares. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a report on Tuesday, July 30th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Robert W. Baird lifted their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, Susquehanna lifted their price objective on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $162.50.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the 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 SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by insiders.

RTX Price Performance

RTX stock opened at $125.54 on Wednesday. The company has a market cap of $166.91 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. RTX Co. has a one year low of $72.52 and a one year high of $128.70. The business has a fifty day moving average of $121.09 and a two-hundred day moving average of $110.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating 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 firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts predict that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, November 15th. 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.