Woodstock Corp Decreases Stake in RTX Co. (NYSE:RTX)

Woodstock Corp decreased its holdings in RTX Co. (NYSE:RTX) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 150,481 shares of the company’s stock after selling 854 shares during the period. RTX accounts for approximately 2.0% of Woodstock Corp’s investment portfolio, making the stock its 10th biggest holding. Woodstock Corp’s holdings in RTX were worth $19,933,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RTX. Norges Bank bought a new stake in shares of RTX in the fourth quarter worth $1,745,644,000. GAMMA Investing LLC grew its stake in shares of RTX by 14,838.5% in the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company’s stock worth $551,460,000 after purchasing an additional 4,135,349 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock worth $1,216,063,000 after purchasing an additional 3,164,844 shares during the last quarter. Amundi grew its stake in shares of RTX by 83.1% in the fourth quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after purchasing an additional 2,854,928 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new stake in shares of RTX in the fourth quarter worth $216,340,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $136.43 on Friday. The stock has a market capitalization of $182.26 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company’s 50-day moving average is $129.09 and its 200-day moving average is $125.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 1 year low of $99.07 and a 1 year high of $138.82.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, May 23rd. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio is currently 79.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RTX shares. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Morgan Stanley upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a report on Wednesday, April 23rd. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Finally, UBS Group boosted their target price on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Buy” and a consensus target price of $159.82.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

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.