12,850 Shares in RTX Co. (NYSE:RTX) Purchased by Wynn Capital LLC

Wynn Capital LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,850 shares of the company’s stock, valued at approximately $1,081,000.

A number of other large investors have also added to or reduced their stakes in RTX. Cary Street Partners Investment Advisory LLC raised its holdings in RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after buying an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC purchased a new stake in shares of RTX in the 4th quarter worth about $2,438,000. B&D White Capital Company LLC purchased a new stake in RTX during the 3rd quarter valued at about $14,186,000. PDS Planning Inc purchased a new stake in RTX during the 4th quarter valued at about $356,000. Finally, Cullen Investment Group LTD. purchased a new stake in RTX during the 4th quarter valued at about $843,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock traded down $0.36 during trading on Wednesday, reaching $101.02. The company’s stock had a trading volume of 7,719,137 shares, compared to its average volume of 8,257,574. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.89. The company has a market capitalization of $134.32 billion, a P/E ratio of 45.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88. The business has a 50 day moving average price of $94.97 and a 200-day moving average price of $87.12.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently announced 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 of this dividend 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%.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which is available through this link. Also, COO Christopher T. Calio sold 367 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RTX. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Bank of America raised their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. TD Cowen raised 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. Citigroup lifted their target price on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and an average target price of $96.27.

RTX 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.