Embree Financial Group Has $1.11 Million Stock Holdings in RTX Co. (NYSE:RTX)

Embree Financial Group decreased its holdings in shares of RTX Co. (NYSE:RTX) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,385 shares of the company’s stock after selling 366 shares during the period. Embree Financial Group’s holdings in RTX were worth $1,110,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in shares of RTX in the 4th quarter worth $25,000. Planned Solutions Inc. bought a new stake in shares of RTX in the 4th quarter worth $30,000. Alaska Permanent Fund Corp bought a new position in RTX during the first quarter valued at about $42,000. Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in RTX during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of RTX 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 sale, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of 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 SEC, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,937 shares of company stock worth $12,256,952. Insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX traded down $0.46 on Wednesday, reaching $100.65. The company had a trading volume of 6,483,106 shares, compared to its average volume of 7,508,432. The business has a 50 day simple moving average of $104.24 and a 200 day simple moving average of $96.60. The company has a market cap of $133.81 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 1.76 and a beta of 0.82. 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 52-week low of $68.56 and a 52-week high of $108.65.

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

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio is 98.82%.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. Citigroup increased their price target on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Bank of America increased their price target on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. UBS Group increased their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Susquehanna increased their target price on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average target price of $98.33.

About RTX

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.