Measured Wealth Private Client Group LLC Reduces Position in RTX Co. (NYSE:RTX)

Measured Wealth Private Client Group LLC trimmed its holdings in RTX Co. (NYSE:RTX) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,364 shares of the company’s stock after selling 442 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in RTX were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Cutler Investment Counsel LLC grew its holdings in shares of RTX by 0.6% in the third quarter. Cutler Investment Counsel LLC now owns 70,694 shares of the company’s stock worth $5,088,000 after purchasing an additional 445 shares during the last quarter. Concord Wealth Partners boosted its holdings in shares of RTX by 25.8% in the third quarter. Concord Wealth Partners now owns 3,829 shares of the company’s stock valued at $276,000 after purchasing an additional 785 shares during the period. Lindbrook Capital LLC grew its stake in RTX by 1.7% in the third quarter. Lindbrook Capital LLC now owns 14,994 shares of the company’s stock worth $1,079,000 after purchasing an additional 255 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in RTX by 10.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 24,514 shares of the company’s stock worth $1,764,000 after purchasing an additional 2,323 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in RTX by 4.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 314,282 shares of the company’s stock valued at $22,619,000 after purchasing an additional 13,881 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.5 %

Shares of RTX traded down $0.49 during mid-day trading on Friday, hitting $101.40. 13,324,869 shares of the company traded hands, compared to its average volume of 7,489,805. The business has a 50 day moving average of $96.70 and a 200 day moving average of $88.60. The company has a market capitalization of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89.

RTX (NYSE:RTX) last posted its quarterly 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. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. Equities research analysts anticipate that RTX Co. will post 5.4 EPS for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.49%. RTX’s dividend payout ratio is currently 92.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RTX. Barclays raised their price target on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. TD Cowen raised their target price 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. UBS Group upped their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Susquehanna lifted their price objective on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Finally, Bank of America upped their target price on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $96.93.

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the company’s 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 directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders sold a total of 137,842 shares of company stock worth $13,603,426 over the last three months. 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.