RTX Co. (NYSE:RTX) Shares Sold by First Interstate Bank

First Interstate Bank lowered its position in RTX Co. (NYSE:RTX) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,820 shares of the company’s stock after selling 2,268 shares during the period. First Interstate Bank’s holdings in RTX were worth $321,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Jacobsen Capital Management raised its position in shares of RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after buying an additional 114 shares during the last quarter. Diligent Investors LLC raised its position in shares of RTX by 1.4% in the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after buying an additional 118 shares during the last quarter. Waverly Advisors LLC raised its position in shares of RTX by 2.2% in the first quarter. Waverly Advisors LLC now owns 5,686 shares of the company’s stock valued at $557,000 after buying an additional 122 shares during the last quarter. Valley National Advisers Inc. raised 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 valued at $34,000 after buying an additional 127 shares during the last quarter. Finally, Ironwood Wealth Management LLC. raised its position in shares of RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. TD Cowen boosted their price objective 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. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 target price on shares of RTX in a report on Monday, April 1st. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Finally, Barclays boosted their target price on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.44.

RTX Stock Up 0.8 %

Shares of RTX stock traded up $0.81 on Tuesday, hitting $100.83. The stock had a trading volume of 7,086,164 shares, compared to its average volume of 8,335,845. The firm has a market capitalization of $134.07 billion, a price-to-earnings ratio of 45.01, a P/E/G ratio of 1.82 and a beta of 0.88. The stock’s 50 day moving average is $93.96 and its 200-day moving average is $86.03. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. RTX’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. As a group, research analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.34%. RTX’s payout ratio is 105.36%.

Insider Buying and Selling at RTX

In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on 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 completion of the transaction, 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 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

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.