Guyasuta Investment Advisors Inc. Sells 2,660 Shares of RTX Co. (NYSE:RTX)

Guyasuta Investment Advisors Inc. lessened its stake in shares of RTX Co. (NYSE:RTX) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,211 shares of the company’s stock after selling 2,660 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in RTX were worth $1,448,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Choreo LLC grew its holdings in RTX by 54.2% during the fourth quarter. Choreo LLC now owns 43,161 shares of the company’s stock valued at $3,632,000 after purchasing an additional 15,175 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in RTX by 1.0% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,433 shares of the company’s stock valued at $1,214,000 after purchasing an additional 140 shares during the period. Mather Group LLC. grew its holdings in RTX by 8.5% during the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,079 shares during the period. Silver Oak Securities Incorporated grew its holdings in RTX by 34.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 13,771 shares of the company’s stock valued at $1,159,000 after purchasing an additional 3,495 shares during the period. Finally, Retirement Systems of Alabama bought a new stake in RTX during the fourth quarter valued at about $26,664,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. Barclays upped their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. UBS Group upped their price objective on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Bank of America upped their price objective on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, TD Cowen upped their price objective on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Two equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $96.27.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Up 1.1 %

NYSE RTX traded up $1.14 during midday trading on Monday, hitting $102.55. 1,975,545 shares of the company traded hands, compared to its average volume of 8,107,698. 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 company has a market cap of $136.34 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. The company’s 50-day simple moving average is $95.57 and its 200-day simple moving average is $87.71. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. As a group, equities research analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.30%. RTX’s payout ratio is 92.55%.

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.