RTX Co. (NYSE:RTX) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its stake in RTX Co. (NYSE:RTX) by 5.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 40,884 shares of the company’s stock after selling 2,374 shares during the period. Compass Wealth Management LLC’s holdings in RTX were worth $3,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jacobsen Capital Management lifted its stake in RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after buying an additional 114 shares in the last quarter. Diligent Investors LLC lifted its stake in shares of RTX by 1.4% during the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares during the period. Lcnb Corp lifted its stake in shares of RTX by 1.8% during the 4th quarter. Lcnb Corp now owns 7,065 shares of the company’s stock worth $594,000 after purchasing an additional 122 shares during the period. Valley National Advisers Inc. lifted its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the period. Finally, Kerntke Otto McGlone Wealth Management Group lifted its stake in shares of RTX by 2.1% during the 4th quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock worth $514,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the transaction, the insider now owns 149,050 shares in the company, valued at $15,757,566. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Insiders have sold 119,937 shares of company stock valued at $12,256,952 over the last quarter. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.3 %

Shares of RTX stock traded up $0.30 during trading hours on Wednesday, hitting $104.77. 3,991,507 shares of the company were exchanged, compared to its average volume of 4,894,300. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX Co. has a one year low of $68.56 and a one year high of $108.65. The business’s 50-day simple moving average is $104.12 and its two-hundred day simple moving average is $94.50. The stock has a market capitalization of $139.29 billion, a price-to-earnings ratio of 41.09, a P/E/G ratio of 1.83 and a beta of 0.83.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter last year, the company posted $1.22 earnings per share. RTX’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.41%. RTX’s dividend payout ratio is currently 98.82%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. UBS Group increased their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their price target on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Bank of America raised their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays raised their target price on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.33.

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.