Tradewinds Capital Management LLC Lowers Stock Holdings in RTX Co. (NYSE:RTX)

Tradewinds Capital Management LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 8.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,035 shares of the company’s stock after selling 191 shares during the quarter. Tradewinds Capital Management LLC’s holdings in RTX were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sloy Dahl & Holst LLC bought a new stake in RTX in the 1st quarter valued at $226,000. Plimoth Trust Co. LLC increased its holdings in RTX by 3.7% in the 1st quarter. Plimoth Trust Co. LLC now owns 38,163 shares of the company’s stock valued at $3,722,000 after acquiring an additional 1,347 shares during the last quarter. Naviter Wealth LLC increased its holdings in RTX by 5.8% in the 1st quarter. Naviter Wealth LLC now owns 19,002 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,035 shares during the last quarter. Financial Security Advisor Inc. bought a new stake in RTX in the 1st quarter valued at $226,000. Finally, Buffington Mohr McNeal increased its holdings in RTX by 14.4% in the 1st quarter. Buffington Mohr McNeal now owns 16,014 shares of the company’s stock valued at $1,562,000 after acquiring an additional 2,013 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,937 shares of company stock worth $12,256,952. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.2 %

Shares of RTX traded up $0.23 during mid-day trading on Wednesday, hitting $100.64. The company’s stock had a trading volume of 1,217,601 shares, compared to its average volume of 7,523,887. The company’s 50-day moving average is $104.36 and its 200-day moving average is $95.92. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65. The firm has a market capitalization of $133.80 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 1.76 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The company 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 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is currently 98.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Citigroup boosted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, UBS Group boosted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Hold” and an average price target of $98.33.

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.