Cwm LLC Purchases 19,256 Shares of RTX Co. (NYSE:RTX)

Cwm LLC increased its position in shares of RTX Co. (NYSE:RTX) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 118,477 shares of the company’s stock after purchasing an additional 19,256 shares during the period. Cwm LLC’s holdings in RTX were worth $9,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Douglas Lane & Associates LLC boosted its holdings in shares of RTX by 4.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 5,987 shares of the company’s stock valued at $431,000 after buying an additional 269 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of RTX by 17.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 21,938 shares of the company’s stock worth $1,579,000 after purchasing an additional 3,181 shares during the period. 1900 Wealth Management LLC increased its holdings in shares of RTX by 8.5% during the 3rd quarter. 1900 Wealth Management LLC now owns 3,662 shares of the company’s stock valued at $264,000 after purchasing an additional 286 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of RTX by 375.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 520,438 shares of the company’s stock valued at $37,461,000 after purchasing an additional 410,980 shares during the period. Finally, Park Place Capital Corp grew its position in RTX by 47.2% during the third quarter. Park Place Capital Corp now owns 12,684 shares of the company’s stock valued at $913,000 after buying an additional 4,070 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RTX. UBS Group increased their target price on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Robert W. Baird boosted their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays increased their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a report on Monday, April 1st. Finally, Royal Bank of Canada lifted their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.40.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 over the last ninety days. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $101.59 on Tuesday. The stock has a fifty day simple moving average of $94.76 and a 200-day simple moving average of $86.89. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a market cap of $135.08 billion, a PE ratio of 45.35, a P/E/G ratio of 1.85 and a beta of 0.88. RTX Co. has a twelve month low of $68.56 and a twelve month high of $102.63.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same period last year, the business earned $1.27 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is 105.36%.

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.