RTX Co. (NYSE:RTX) Stock Holdings Decreased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its position in RTX Co. (NYSE:RTX) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,824 shares of the company’s stock after selling 2,485 shares during the quarter. Stanley Laman Group Ltd.’s holdings in RTX were worth $5,959,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in RTX during the fourth quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in RTX in the third quarter valued at approximately $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. boosted its position in RTX by 352.0% during 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 during the period. Finally, Valley National Advisers Inc. lifted its stake in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.7 %

RTX stock traded up $0.73 during mid-day trading on Thursday, hitting $101.76. The company’s stock had a trading volume of 6,182,480 shares, compared to its average volume of 8,224,648. The company has a market cap of $135.30 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. The firm’s 50 day moving average is $95.36 and its 200 day moving average is $87.31.

RTX (NYSE:RTX) last released 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 company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. RTX’s dividend payout ratio is currently 92.55%.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. Bank of America lifted their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada boosted their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.27.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. 0.13% of the stock is currently owned by insiders.

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.