RTX Co. (NYSE:RTX) Shares Sold by Transform Wealth LLC

Transform Wealth LLC trimmed its holdings in RTX Co. (NYSE:RTX) by 7.8% during the first quarter, HoldingsChannel.com reports. The firm owned 3,417 shares of the company’s stock after selling 289 shares during the period. Transform Wealth LLC’s holdings in RTX were worth $453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP acquired a new position in RTX during the 4th quarter worth $29,000. Fairway Wealth LLC bought a new position in shares of RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management grew its stake in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Greenline Partners LLC bought a new stake in RTX in the fourth quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in RTX during the fourth quarter valued at approximately $39,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now owns 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company’s stock, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

RTX Stock Up 2.3%

Shares of RTX stock opened at $141.77 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 1-year low of $99.07 and a 1-year high of $142.65. The business’s fifty day moving average price is $130.44 and its two-hundred day moving average price is $126.17. The company has a market capitalization of $189.39 billion, a P/E ratio of 39.93, a PEG ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, May 23rd. RTX’s dividend payout ratio is currently 79.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird upgraded RTX from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. UBS Group lifted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Citigroup dropped their target price on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price target on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Buy” and an average target price of $159.82.

RTX Profile

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.