RTX Co. (NYSE:RTX) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its stake in RTX Co. (NYSE:RTX) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,562 shares of the company’s stock after selling 15,644 shares during the period. Bryn Mawr Capital Management LLC’s holdings in RTX were worth $11,995,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RTX. Exchange Traded Concepts LLC increased its holdings in shares of RTX by 8,351.8% in the third quarter. Exchange Traded Concepts LLC now owns 7,184 shares of the company’s stock valued at $517,000 after buying an additional 7,099 shares in the last quarter. Roman Butler Fullerton & Co. increased its holdings in shares of RTX by 5.1% in the third quarter. Roman Butler Fullerton & Co. now owns 3,614 shares of the company’s stock valued at $265,000 after buying an additional 174 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of RTX by 2.8% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,838 shares of the company’s stock valued at $1,500,000 after buying an additional 558 shares in the last quarter. Builder Investment Group Inc. ADV increased its holdings in shares of RTX by 15.5% in the third quarter. Builder Investment Group Inc. ADV now owns 45,445 shares of the company’s stock valued at $3,271,000 after buying an additional 6,107 shares in the last quarter. Finally, Ballast Inc. raised its stake in RTX by 17.7% during the 3rd quarter. Ballast Inc. now owns 11,477 shares of the company’s stock valued at $826,000 after purchasing an additional 1,729 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

NYSE RTX opened at $101.40 on Friday. The company has a market capitalization of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The firm’s fifty day simple moving average is $95.57 and its 200-day simple moving average is $87.51. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm 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%. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is presently 92.55%.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on RTX shares. Susquehanna boosted their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday. Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup boosted their target price on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, UBS Group boosted their target price on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.27.

RTX Company 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.