RTX Co. (NYSE:RTX) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its stake in shares of RTX Co. (NYSE:RTXFree Report) by 42.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,994 shares of the company’s stock after selling 80,757 shares during the quarter. Foundry Partners LLC’s holdings in RTX were worth $7,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Skba Capital Management LLC lifted its position in RTX by 6.8% during the 3rd quarter. Skba Capital Management LLC now owns 203,147 shares of the company’s stock valued at $14,620,000 after purchasing an additional 12,950 shares during the period. Antonetti Capital Management LLC lifted its position in RTX by 94.3% during the 3rd quarter. Antonetti Capital Management LLC now owns 5,028 shares of the company’s stock valued at $362,000 after purchasing an additional 2,440 shares during the period. Waters Parkerson & CO. LLC lifted its position in RTX by 0.7% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 30,196 shares of the company’s stock valued at $2,173,000 after purchasing an additional 200 shares during the period. Alliance Wealth Advisors LLC UT lifted its position in RTX by 20.1% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 13,871 shares of the company’s stock valued at $998,000 after purchasing an additional 2,318 shares during the period. Finally, RS Crum Inc. increased its stake in shares of RTX by 41.4% in the 3rd quarter. RS Crum Inc. now owns 3,700 shares of the company’s stock valued at $266,000 after acquiring an additional 1,083 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Redburn Atlantic cut RTX from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 price target (up from $88.00) on shares of RTX in a research note on Tuesday, January 16th. UBS Group raised their price target on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada raised their price target on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.71.

Get Our Latest Stock Report on RTX

RTX Price Performance

NYSE RTX traded up $0.03 during trading on Monday, hitting $90.54. 806,531 shares of the company’s stock were exchanged, compared to its average volume of 7,927,000. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The company has a market cap of $120.13 billion, a PE ratio of 40.41, a P/E/G ratio of 1.65 and a beta of 0.89. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The stock’s 50 day moving average price is $85.84 and its two-hundred day moving average price is $82.00.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Research analysts expect that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is currently 105.36%.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold 2,224 shares of company stock worth $205,448 over the last ninety days. Insiders own 0.11% of the company’s stock.

About RTX

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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