Arnhold LLC Sells 272 Shares of RTX Co. (NYSE:RTX)

Arnhold LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,455 shares of the company’s stock after selling 272 shares during the quarter. RTX comprises about 1.6% of Arnhold LLC’s portfolio, making the stock its 22nd biggest position. Arnhold LLC’s holdings in RTX were worth $14,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Paces Ferry Wealth Advisors LLC bought a new position in shares of RTX in the 4th quarter worth $233,000. Hartford Funds Management Co LLC lifted its stake in shares of RTX by 11.9% in the fourth quarter. Hartford Funds Management Co LLC now owns 3,463 shares of the company’s stock valued at $291,000 after buying an additional 367 shares in the last quarter. MONECO Advisors LLC grew its holdings in shares of RTX by 1.6% during the fourth quarter. MONECO Advisors LLC now owns 10,021 shares of the company’s stock valued at $843,000 after buying an additional 154 shares during the last quarter. Brighton Jones LLC increased its position in shares of RTX by 8.0% during the fourth quarter. Brighton Jones LLC now owns 12,584 shares of the company’s stock worth $1,059,000 after acquiring an additional 936 shares in the last quarter. Finally, Auxano Advisors LLC raised its holdings in shares of RTX by 12.4% in the 4th quarter. Auxano Advisors LLC now owns 19,374 shares of the company’s stock worth $1,630,000 after acquiring an additional 2,132 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,547 shares of company stock worth $12,553,645. 0.13% of the stock is owned by company insiders.

RTX Stock Performance

RTX traded down $0.91 during trading hours on Tuesday, hitting $101.53. The stock had a trading volume of 5,421,537 shares, compared to its average volume of 8,106,685. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The company’s fifty day simple moving average is $95.80 and its 200 day simple moving average is $87.92. The stock has a market cap of $134.98 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. Equities analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s payout ratio is currently 92.55%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Susquehanna boosted their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Bank of America raised their price objective on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Barclays upped their target price on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus target price of $96.93.

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.