Wynn Capital LLC Purchases New Stake in RTX Co. (NYSE:RTX)

Wynn Capital LLC bought a new position in shares of RTX Co. (NYSE:RTX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 12,850 shares of the company’s stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobsen Capital Management boosted its position in shares of RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after buying an additional 114 shares during the period. Diligent Investors LLC lifted its holdings in RTX by 1.4% during the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after buying an additional 118 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the period. Dempze Nancy E raised its position in shares of RTX by 0.5% during the 3rd quarter. Dempze Nancy E now owns 28,829 shares of the company’s stock worth $2,075,000 after purchasing an additional 130 shares during the period. Finally, Chicago Capital LLC raised its position in shares of RTX by 0.8% during the 4th quarter. Chicago Capital LLC now owns 15,810 shares of the company’s stock worth $1,330,000 after purchasing an additional 130 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares in the company, valued at $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the company’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 completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 over the last three months. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. TD Cowen raised their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Robert W. Baird raised their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Citigroup raised their target price on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Finally, UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.27.

RTX Stock Down 0.4 %

NYSE RTX traded down $0.36 on Wednesday, reaching $101.02. The company had a trading volume of 7,719,137 shares, compared to its average volume of 8,257,574. The company’s fifty day moving average is $94.97 and its 200-day moving average is $87.12. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm has a market capitalization of $134.32 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. RTX’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. On average, research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. RTX’s dividend payout ratio (DPR) is 105.36%.

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.