Regent Peak Wealth Advisors LLC Sells 489 Shares of RTX Co. (NYSE:RTX)

Regent Peak Wealth Advisors LLC lessened its stake in shares of RTX Co. (NYSE:RTX) by 14.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,887 shares of the company’s stock after selling 489 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in RTX were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. LaFleur & Godfrey LLC grew its stake in shares of RTX by 0.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock worth $20,620,000 after purchasing an additional 900 shares during the last quarter. Brighton Jones LLC grew its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of RTX in the fourth quarter worth $452,000. Finally, Appleton Partners Inc. MA grew its stake in shares of RTX by 6.5% in the fourth quarter. Appleton Partners Inc. MA now owns 4,395 shares of the company’s stock worth $509,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were 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 in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE RTX opened at $139.21 on Friday. The firm’s 50-day moving average price is $129.63 and its 200-day moving average price is $125.80. RTX Co. has a 1-year low of $99.07 and a 1-year high of $140.65. The firm has a market capitalization of $185.98 billion, a P/E ratio of 39.21, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio is currently 79.77%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. UBS Group boosted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and upped their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Buy” and a consensus price target 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.