RTX Co. (NYSE:RTX) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,973 shares of the company’s stock after selling 6,097 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in RTX were worth $12,787,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RTX. Jacobsen Capital Management boosted its stake in RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares during the period. Diligent Investors LLC grew its stake in RTX by 1.4% during the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after acquiring an additional 118 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Dempze Nancy E boosted its holdings in shares of RTX by 0.5% during the third quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after purchasing an additional 130 shares during the period. Finally, Chicago Capital LLC grew its position in RTX by 0.8% during the fourth quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock valued at $1,330,000 after purchasing an additional 130 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE:RTX traded up $1.04 during midday trading on Monday, hitting $102.45. The company’s stock had a trading volume of 4,470,152 shares, compared to its average volume of 8,139,442. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market capitalization of $136.21 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 1.83 and a beta of 0.88. The stock’s 50 day simple moving average is $95.80 and its 200 day simple moving average is $87.92.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same period in the previous year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.30%. RTX’s dividend payout ratio is 92.55%.

Wall Street Analyst Weigh In

RTX has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Susquehanna raised their price target on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Barclays boosted their price target on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird raised 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, TD Cowen increased 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $96.27.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of RTX 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Christopher T. Calio sold 367 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were 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 directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,547 shares of company stock worth $12,553,645. 0.13% of the stock is currently owned by company 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.