Imprint Wealth LLC Trims Holdings in RTX Co. (NYSE:RTX)

Imprint Wealth LLC decreased its stake in shares of RTX Co. (NYSE:RTX) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,908 shares of the company’s stock after selling 228 shares during the quarter. Imprint Wealth LLC’s holdings in RTX were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jacobsen Capital Management boosted its holdings in 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 acquiring an additional 114 shares during the last quarter. Diligent Investors LLC boosted its holdings in 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 acquiring an additional 118 shares during the last quarter. Waverly Advisors LLC boosted its holdings in 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 acquiring an additional 122 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in 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 acquiring an additional 127 shares during the last quarter. Finally, Ironwood Wealth Management LLC. lifted its stake in shares of RTX by 1.2% during the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of analyst reports. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. UBS Group boosted their price objective on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Finally, TD Cowen boosted their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.44.

RTX Price Performance

NYSE:RTX traded up $1.09 during mid-day trading on Tuesday, hitting $101.11. The company’s stock had a trading volume of 2,262,001 shares, compared to its average volume of 8,266,694. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $134.44 billion, a price-to-earnings ratio of 44.65, a P/E/G ratio of 1.82 and a beta of 0.88. The stock has a fifty day moving average of $93.79 and a 200-day moving average of $85.82.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.33%. RTX’s payout ratio is 105.36%.

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 over the last ninety days. Company insiders own 0.13% of the company’s stock.

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.