Bogart Wealth LLC Sells 172 Shares of RTX Co. (NYSE:RTX)

Bogart Wealth LLC reduced its position in RTX Co. (NYSE:RTX) by 9.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,644 shares of the company’s stock after selling 172 shares during the quarter. Bogart Wealth LLC’s holdings in RTX were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new stake in RTX in the 4th quarter valued at $25,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the 4th quarter valued at $30,000. Strengthening Families & Communities LLC bought a new stake in shares of RTX in the 3rd quarter worth about $28,000. Financial Gravity Asset Management Inc. lifted its holdings in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in RTX in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated 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 owns 6,741 shares in the company, valued at $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now owns 129,120 shares in the company, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,618 shares of company stock worth $13,397,978. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Up 0.8 %

Shares of NYSE:RTX traded up $0.78 during mid-day trading on Wednesday, reaching $104.01. 5,177,642 shares of the stock were exchanged, compared to its average volume of 8,064,801. The company has a market cap of $138.28 billion, a P/E ratio of 40.48, a P/E/G ratio of 1.83 and a beta of 0.84. The stock’s 50 day simple moving average is $97.20 and its 200-day simple moving average is $89.11. 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 Co. has a one year low of $68.56 and a one year high of $104.09.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same period last year, the company earned $1.22 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be issued a $0.63 dividend. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.42%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RTX shares. Royal Bank of Canada lifted their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Susquehanna boosted their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Barclays upped their price target on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Finally, TheStreet upgraded 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 given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.