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

Metis Global Partners LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,544 shares of the company’s stock after selling 7,880 shares during the period. Metis Global Partners LLC’s holdings in RTX were worth $5,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new stake in RTX in the fourth quarter valued at about $25,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the 4th quarter worth about $30,000. Strengthening Families & Communities LLC acquired a new stake in RTX in the 3rd quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. raised its stake in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in RTX during the 4th quarter worth $38,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders have sold 137,842 shares of company stock worth $13,603,426 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RTX. Susquehanna lifted their price objective on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. UBS Group boosted their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen increased their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Bank of America boosted their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their target price on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average price target of $96.93.

RTX Stock Down 0.5 %

RTX stock traded down $0.49 during mid-day trading on Friday, hitting $101.40. The company’s stock had a trading volume of 13,324,869 shares, compared to its average volume of 7,489,805. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The company has a market cap 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 debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The firm’s 50 day moving average is $96.70 and its 200 day moving average is $88.60.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate 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%. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts anticipate that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a dividend of $0.63 per share. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.49%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

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.