RTX Co. (NYSE:RTX) Shares Sold by Winch Advisory Services LLC

Winch Advisory Services LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,670 shares of the company’s stock after selling 87 shares during the period. Winch Advisory Services LLC’s holdings in RTX were worth $1,414,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Elgethun Capital Management lifted its holdings in shares of RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after buying an additional 85 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in shares of RTX by 0.6% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after acquiring an additional 89 shares during the last quarter. Lazari Capital Management Inc. raised its position in shares of RTX by 1.6% during the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock worth $603,000 after purchasing an additional 95 shares during the period. Fermata Advisors LLC lifted its stake in RTX by 4.3% during the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock valued at $280,000 after buying an additional 96 shares in the last quarter. Finally, Motco raised its holdings in shares of RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after acquiring an additional 99 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the completion of the transaction, the executive vice president now owns 38,855 shares in the company, valued at $4,463,273.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at $4,463,273.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $125.90 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a one year low of $72.52 and a one year high of $127.00. The company’s fifty day moving average price is $120.91 and its 200 day moving average price is $110.55. The company has a market capitalization of $167.38 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.29 earnings per share. As a group, analysts expect that RTX Co. will post 5.45 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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is 98.82%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RTX. Citigroup lifted their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Melius Research raised their price objective on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Susquehanna upped their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and raised their price target for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $162.50.

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.