RTX Co. (NYSE:RTX) Stock Holdings Lowered by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its position in shares of RTX Co. (NYSE:RTX) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,761 shares of the company’s stock after selling 517 shares during the period. Penobscot Investment Management Company Inc.’s holdings in RTX were worth $3,514,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RTX. Bear Mountain Capital Inc. acquired a new stake in RTX in the fourth quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new stake in RTX in the 3rd quarter valued at about $28,000. Planned Solutions Inc. acquired a new stake in RTX in the 4th quarter valued at about $30,000. Financial Gravity Asset Management Inc. lifted its holdings in RTX by 352.0% in 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 during the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in RTX by 37.4% in the 3rd 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. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,547 shares of company stock worth $12,553,645. 0.13% of the stock is owned by corporate insiders.

RTX Price Performance

RTX stock traded down $0.66 during mid-day trading on Tuesday, hitting $101.78. 2,145,708 shares of the company were exchanged, compared to its average volume of 8,065,675. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $95.80 and a 200 day moving average of $87.92. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a market capitalization of $135.32 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. 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. As a group, sell-side analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Bank of America upped their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Robert W. Baird increased their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays increased their price objective on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.93.

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.