Saxon Interests Inc. Has $248,000 Stake in RTX Co. (NYSE:RTX)

Saxon Interests Inc. decreased its position in shares of RTX Co. (NYSE:RTX) by 87.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,943 shares of the company’s stock after selling 21,022 shares during the quarter. Saxon Interests Inc.’s holdings in RTX were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in shares of RTX by 94.5% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after acquiring an additional 156,550 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in RTX by 9.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after buying an additional 931 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in RTX by 1.2% during the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after buying an additional 128 shares during the period. AMI Investment Management Inc. lifted its holdings in RTX by 53.1% during the 1st quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock worth $3,517,000 after buying an additional 12,316 shares during the period. Finally, LSV Asset Management lifted its holdings in RTX by 1.4% during the 1st quarter. LSV Asset Management now owns 141,700 shares of the company’s stock worth $14,038,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 in the last 90 days. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.1 %

RTX traded up $0.11 during midday trading on Thursday, reaching $97.56. 10,700,468 shares of the company were exchanged, compared to its average volume of 8,121,944. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The company’s fifty day moving average price is $91.16 and its 200 day moving average price is $83.42. The company has a market cap of $129.72 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. RTX Co. has a one year low of $68.56 and a one year high of $104.91.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS. As a group, analysts expect that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.42%. RTX’s payout ratio is presently 105.36%.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group lifted their target price on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. TD Cowen boosted their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Barclays boosted their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird reissued a “neutral” rating and issued a $94.00 price objective (up from $88.00) on shares of RTX in a research note on Tuesday, January 16th. Finally, TheStreet raised RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, RTX has an average rating of “Hold” and a consensus target price of $95.12.

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.