RTX Co. (NYSE:RTX) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in RTX Co. (NYSE:RTX) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,397 shares of the company’s stock after selling 6,702 shares during the period. Vontobel Holding Ltd.’s holdings in RTX were worth $1,127,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RTX. Strengthening Families & Communities LLC acquired a new stake in RTX in the 3rd quarter valued at $28,000. Quarry LP acquired a new stake in RTX in the 1st quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in RTX in the 4th quarter valued at $30,000. Financial Gravity Asset Management Inc. increased its holdings in RTX by 352.0% in 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 in the last quarter. Finally, Valley National Advisers Inc. increased its holdings in RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by company insiders.

RTX Stock Performance

Shares of NYSE RTX opened at $101.56 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $94.55 and its two-hundred day moving average price is $86.55. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.32. The stock has a market capitalization of $135.04 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.85 and a beta of 0.88.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter last year, the company posted $1.27 earnings per share. RTX’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. RTX’s payout ratio is currently 105.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RTX shares. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research report on Monday, April 1st. Barclays upped their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. TD Cowen upped their price objective on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Robert W. Baird upped their price objective 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, Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $93.40.

RTX Company 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.