4,303 RTX Corporation $RTX Shares Sold by Legacy Trust

Legacy Trust cut its holdings in RTX Corporation (NYSE:RTX) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,521 shares of the company’s stock after selling 4,303 shares during the period. RTX makes up 1.4% of Legacy Trust’s investment portfolio, making the stock its 21st biggest holding. Legacy Trust’s holdings in RTX were worth $8,496,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RTX. Pine Valley Investments Ltd Liability Co grew its position in shares of RTX by 63.2% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock valued at $6,535,000 after purchasing an additional 13,118 shares during the last quarter. Rokos Capital Management LLP lifted its position in shares of RTX by 804.3% during the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock worth $107,265,000 after purchasing an additional 494,652 shares during the last quarter. Legal & General Group Plc bought a new stake in RTX during the 2nd quarter valued at approximately $1,267,256,000. Eastern Bank boosted its stake in RTX by 112.0% during the 3rd quarter. Eastern Bank now owns 177,392 shares of the company’s stock valued at $32,933,000 after purchasing an additional 93,725 shares during the period. Finally, Corient Private Wealth LP grew its holdings in RTX by 2,669.1% in the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock valued at $265,604,000 after buying an additional 1,349,350 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 9,071 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the sale, the executive vice president directly owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This represents a 34.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Deutsche Bank cut RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research report on Tuesday, October 13th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Wells Fargo & Company boosted their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Susquehanna upped their target price on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Stock Down 1.4%

RTX opened at $198.39 on Friday. The firm has a market cap of $267.71 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.23 and a beta of 0.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The firm’s 50-day simple moving average is $192.88 and its 200-day simple moving average is $195.59. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that RTX Corporation will post 7.73 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is 47.40%.

RTX News Roundup

Here’s some of the latest news about RTX:

• Positive Sentiment: RTX drew fresh attention for a DeepStrike test and a DARPA win, highlighting its defense-technology work. The articles supplied do not provide details on the award’s size or expected financial contribution. RTX DeepStrike Test And DARPA Win Put Fresh Focus On Defense Tech
• Positive Sentiment: Sector commentary included RTX among aerospace and defense companies that could benefit from rising defense spending, strong order backlogs and improved earnings prospects. Separate coverage also noted that RTX can earn from its installed engine base and related services, beyond new aircraft sales. Buy 4 Aerospace Defense Behemoths to Enhance Your Portfolio Returns How These 5 Aerospace Stocks Earn Money Beyond New Plane Sales
• Negative Sentiment: One Zacks assessment cautioned that RTX’s premium valuation could limit upside, despite its stronger performance and favorable earnings trends. RTX Outperforms Industry in the Past Year: Should You Buy?

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.