Apella Capital LLC Sells 193 Shares of RTX Co. (NYSE:RTX)

Apella Capital LLC cut its holdings in RTX Co. (NYSE:RTXFree Report) by 8.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,171 shares of the company’s stock after selling 193 shares during the period. Apella Capital LLC’s holdings in RTX were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bruce G. Allen Investments LLC boosted its stake in shares of RTX by 7.9% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock worth $141,000 after buying an additional 106 shares during the last quarter. Jacobsen Capital Management raised its holdings in shares of RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares during the period. Diligent Investors LLC raised its holdings in shares of RTX by 1.4% in the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after purchasing an additional 118 shares during the period. Lcnb Corp raised its holdings in shares of RTX by 1.8% in the 4th quarter. Lcnb Corp now owns 7,065 shares of the company’s stock valued at $594,000 after purchasing an additional 122 shares during the period. Finally, Valley National Advisers Inc. raised its holdings in shares of 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 purchasing an additional 127 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,937 shares of company stock worth $12,256,952. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX stock traded up $0.54 during mid-day trading on Friday, reaching $105.61. The company had a trading volume of 11,815,598 shares, compared to its average volume of 7,477,906. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $108.65. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company has a market cap of $140.41 billion, a P/E ratio of 41.40, a P/E/G ratio of 1.84 and a beta of 0.83. The business has a fifty day simple moving average of $104.27 and a 200 day simple moving average of $94.65.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.39%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen increased their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays increased their price target on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, UBS Group increased their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.33.

Read Our Latest Stock Analysis on RTX

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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