Lee Financial Co Has $39,000 Stock Holdings in RTX Co. (NYSE:RTX)

Lee Financial Co cut its holdings in RTX Co. (NYSE:RTXFree Report) by 27.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 458 shares of the company’s stock after selling 173 shares during the quarter. Lee Financial Co’s holdings in RTX were worth $39,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jacobsen Capital Management lifted its stake in RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after acquiring an additional 114 shares in the last quarter. Diligent Investors LLC lifted its stake in RTX by 1.4% in 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 stake 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 acquiring an additional 127 shares in the last quarter. Kerntke Otto McGlone Wealth Management Group lifted its stake in RTX by 2.1% in the 4th quarter. Kerntke Otto McGlone Wealth Management Group now owns 6,108 shares of the company’s stock valued at $514,000 after acquiring an additional 128 shares in the last quarter. Finally, Dempze Nancy E lifted its stake in RTX by 0.5% in the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock valued at $2,075,000 after acquiring an additional 130 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Robert W. Baird boosted their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Susquehanna upped their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Finally, Citigroup upped their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $98.33.

View Our Latest Analysis on RTX

RTX Stock Performance

NYSE RTX traded down $0.06 on Friday, reaching $104.18. The stock had a trading volume of 8,501,013 shares, compared to its average volume of 6,832,613. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The firm has a fifty day moving average of $99.61 and a two-hundred day moving average of $90.54. RTX Co. has a 1-year low of $68.56 and a 1-year high of $107.82. The company has a market cap of $138.51 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.84.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, 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. Shareholders of record on Friday, May 17th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.42%. This is a positive change from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. RTX’s dividend payout ratio is currently 98.82%.

Insider Buying and Selling at RTX

In other news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction 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 approximately $64,592,832.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction 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 approximately $64,592,832.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold a total of 120,042 shares of company stock valued at $12,266,459 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

About RTX

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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