RTX Co. (NYSE:RTX) Shares Sold by Pointe Capital Management LLC

Pointe Capital Management LLC decreased its stake in RTX Co. (NYSE:RTX) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,610 shares of the company’s stock after selling 108 shares during the period. RTX accounts for 1.2% of Pointe Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Pointe Capital Management LLC’s holdings in RTX were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in RTX during the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX during the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at $41,000. Finally, Stephens Consulting LLC raised its holdings in shares of RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX 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 transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher T. Calio sold 4,235 shares of the 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 transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,856 shares of company stock worth $17,131,253 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada lifted their target price on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned 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 $168.56.

RTX Price Performance

RTX stock traded down $0.01 during midday trading on Friday, hitting $125.16. 4,716,205 shares of the stock were exchanged, compared to its average volume of 6,752,277. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $166.40 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 2.21 and a beta of 0.82. RTX Co. has a fifty-two week low of $77.76 and a fifty-two week high of $128.70. The stock’s 50-day moving average price is $121.74 and its 200-day moving average price is $111.35.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. Research analysts predict that RTX Co. will post 5.5 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX’s dividend payout ratio (DPR) is 98.82%.

About RTX

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.