RTX Co. (NYSE:RTX) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp trimmed its position in shares of RTX Co. (NYSE:RTXFree Report) by 20.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,044 shares of the company’s stock after selling 1,294 shares during the period. Tompkins Financial Corp’s holdings in RTX were worth $492,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. raised its stake in shares of RTX by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 172,325 shares of the company’s stock valued at $16,807,000 after acquiring an additional 1,843 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in shares of RTX by 1.8% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 54,655 shares of the company’s stock valued at $5,331,000 after acquiring an additional 991 shares in the last quarter. GAMMA Investing LLC increased its holdings in RTX by 20.9% in the first quarter. GAMMA Investing LLC now owns 10,535 shares of the company’s stock valued at $1,027,000 after buying an additional 1,823 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in RTX by 196.2% in the first quarter. Los Angeles Capital Management LLC now owns 147,313 shares of the company’s stock valued at $14,367,000 after buying an additional 97,587 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC purchased a new position in RTX in the first quarter valued at $1,657,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on RTX

RTX Stock Performance

Shares of NYSE RTX traded up $0.30 during midday trading on Wednesday, reaching $104.77. 3,991,507 shares of the company were exchanged, compared to its average volume of 4,894,300. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. RTX Co. has a 1 year low of $68.56 and a 1 year high of $108.65. The stock has a fifty day simple moving average of $104.12 and a 200 day simple moving average of $94.50. The stock has a market cap of $139.29 billion, a P/E ratio of 41.09, a PEG ratio of 1.83 and a beta of 0.83.

RTX (NYSE:RTXGet Free Report) last released its quarterly 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. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given 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 payout ratio is currently 98.82%.

Insider Activity at RTX

In related news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction dated 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 $13,166,366.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Stephen J. Timm sold 19,880 shares of RTX 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 completion of the sale, the insider now directly owns 149,050 shares in the company, valued at approximately $15,757,566. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the sale, the director now owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders sold a total of 119,937 shares of company stock worth $12,256,952 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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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