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

Natixis Advisors LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,215,136 shares of the company’s stock after selling 102,013 shares during the period. Natixis Advisors LLC owned approximately 0.09% of RTX worth $121,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. Equitable Trust Co. increased its holdings in shares of RTX by 4.4% during the 2nd quarter. Equitable Trust Co. now owns 22,578 shares of the company’s stock valued at $2,267,000 after purchasing an additional 952 shares in the last quarter. Waterfront Wealth Inc. lifted its position in RTX by 9.7% in the second quarter. Waterfront Wealth Inc. now owns 9,855 shares of the company’s stock valued at $989,000 after buying an additional 870 shares during the last quarter. D.A. Davidson & CO. increased its stake in RTX by 1.5% during the second quarter. D.A. Davidson & CO. now owns 769,370 shares of the company’s stock worth $77,237,000 after purchasing an additional 11,104 shares during the period. Telos Capital Management Inc. increased its stake in RTX by 2.5% during the second quarter. Telos Capital Management Inc. now owns 57,430 shares of the company’s stock worth $5,765,000 after purchasing an additional 1,401 shares during the period. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX during the second quarter worth approximately $32,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock traded up $1.05 during mid-day trading on Friday, reaching $123.34. The stock had a trading volume of 6,371,993 shares, compared to its average volume of 5,312,287. RTX Co. has a 12-month low of $68.56 and a 12-month high of $123.70. The company has a market cap of $164.07 billion, a P/E ratio of 48.37, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The business has a 50-day simple moving average of $110.19 and a 200 day simple moving average of $103.29. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business 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 posted $1.29 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

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. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio is presently 98.82%.

Insider Buying and Selling

In related news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the vice president now directly owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, TD Cowen increased their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.47.

RTX Company 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.