RTX Corporation (NYSE:RTX) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC lowered its holdings in RTX Corporation (NYSE:RTX) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,952 shares of the company’s stock after selling 800 shares during the quarter. Wellington Shields & Co. LLC’s holdings in RTX were worth $1,053,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC NC raised its holdings in RTX by 1.7% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company’s stock worth $576,000 after purchasing an additional 82 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in RTX by 2.1% in the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares during the period. Weatherly Asset Management L. P. increased its position in shares of RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company’s stock valued at $2,767,000 after buying an additional 82 shares in the last quarter. CLG LLC raised its stake in shares of RTX by 2.3% during the 1st quarter. CLG LLC now owns 3,686 shares of the company’s stock worth $488,000 after buying an additional 83 shares during the period. Finally, 49 Wealth Management LLC lifted its position in shares of RTX by 3.3% during the 4th quarter. 49 Wealth Management LLC now owns 2,609 shares of the company’s stock valued at $302,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,234 shares of company stock worth $4,439,755 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a report on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.13.

RTX Trading Up 0.6%

Shares of RTX opened at $156.95 on Wednesday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. The firm has a market capitalization of $210.08 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.87 and a beta of 0.64. The firm has a 50-day moving average price of $144.25 and a 200 day moving average price of $133.50. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.73%. RTX’s dividend payout ratio (DPR) is 59.78%.

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.