RTX Co. (NYSE:RTX) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,432 shares of the company’s stock after selling 317 shares during the period. PAX Financial Group LLC’s holdings in RTX were worth $744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Erste Asset Management GmbH acquired a new stake in shares of RTX during the 3rd quarter worth approximately $102,000. Janus Henderson Group PLC grew its stake in RTX by 256.6% during the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after buying an additional 702,699 shares during the last quarter. Morse Asset Management Inc acquired a new stake in RTX in the third quarter worth $321,000. Redwood Investment Management LLC lifted its stake in RTX by 4.0% in the third quarter. Redwood Investment Management LLC now owns 14,519 shares of the company’s stock valued at $1,748,000 after buying an additional 565 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of RTX by 197.9% during the third quarter. Quarry LP now owns 846 shares of the company’s stock valued at $103,000 after acquiring an additional 562 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

RTX Stock Down 2.3 %

RTX stock opened at $130.14 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market cap of $173.75 billion, a PE ratio of 36.66, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a 12 month low of $97.90 and a 12 month high of $136.17. The firm has a 50 day simple moving average of $129.21 and a 200 day simple moving average of $123.36.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RTX shares. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

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.