RTX Co. (NYSE:RTX) Shares Sold by Gray Wealth Management Inc.

Gray Wealth Management Inc. lowered its holdings in RTX Co. (NYSE:RTX) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,115 shares of the company’s stock after selling 124 shares during the period. Gray Wealth Management Inc.’s holdings in RTX were worth $262,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RTX. Norges Bank acquired a new stake in shares of RTX in the fourth quarter valued at $1,580,608,000. Moneta Group Investment Advisors LLC increased its holdings in RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Boston Partners acquired a new stake in RTX in the 3rd quarter valued at about $355,350,000. Morgan Stanley boosted its stake in shares of RTX by 11.3% in the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after buying an additional 3,104,282 shares during the period. Finally, Capital World Investors grew its position in shares of RTX by 32.8% during the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after buying an additional 2,256,475 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the company’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 transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. Barclays increased their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Finally, UBS Group upped their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $94.44.

RTX Stock Performance

Shares of RTX stock traded down $0.04 during trading on Thursday, reaching $100.71. The company’s stock had a trading volume of 4,237,492 shares, compared to its average volume of 8,241,814. The firm has a market cap of $133.91 billion, a PE ratio of 45.08, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a 50-day moving average price of $94.13 and a two-hundred day moving average price of $86.13. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. RTX’s payout ratio is 105.36%.

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.