Claro Advisors LLC Sells 2,929 Shares of RTX Co. (NYSE:RTX)

Claro Advisors LLC trimmed its stake in RTX Co. (NYSE:RTXFree Report) by 21.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,574 shares of the company’s stock after selling 2,929 shares during the period. Claro Advisors LLC’s holdings in RTX were worth $890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC bought a new stake in shares of RTX during the 3rd quarter worth $28,000. Quarry LP acquired a new stake in shares of RTX in the first quarter valued at about $28,000. Planned Solutions Inc. bought a new position in shares of RTX in the fourth quarter worth about $30,000. Financial Gravity Asset Management Inc. lifted its position in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its stake in RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock opened at $97.53 on Monday. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91. The firm’s 50-day moving average price is $91.65 and its two-hundred day moving average price is $83.77. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $129.68 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 1.78 and a beta of 0.88.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. On average, equities analysts predict that RTX Co. will post 5.39 earnings per share for the current fiscal 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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is currently 105.36%.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 document filed with the SEC, which is accessible through the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RTX has been the topic of several recent analyst reports. TD Cowen lifted their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $94.00 price target (up previously from $88.00) on shares of RTX in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and a consensus price target of $95.12.

Read Our Latest Analysis on RTX

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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