RTX Co. (NYSE:RTX) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC reduced its stake in RTX Co. (NYSE:RTX) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,184 shares of the company’s stock after selling 3,900 shares during the period. Schrum Private Wealth Management LLC’s holdings in RTX were worth $600,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. raised its position in shares of RTX by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after buying an additional 97,749 shares in the last quarter. United Advisor Group LLC boosted its position in shares of RTX by 11.1% in the third quarter. United Advisor Group LLC now owns 4,452 shares of the company’s stock valued at $539,000 after acquiring an additional 445 shares during the period. Crestwood Advisors Group LLC increased its stake in RTX by 0.4% in the third quarter. Crestwood Advisors Group LLC now owns 24,352 shares of the company’s stock valued at $2,950,000 after acquiring an additional 106 shares during the period. Balentine LLC acquired a new stake in shares of RTX during the 3rd quarter worth about $402,000. Finally, Avidian Wealth Enterprises LLC increased its position in RTX by 4.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 14,893 shares of the company’s stock valued at $1,804,000 after acquiring an additional 572 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.8 %

Shares of NYSE:RTX opened at $129.75 on Thursday. The business has a 50-day moving average price of $123.56 and a 200 day moving average price of $121.65. The company has a market capitalization of $172.85 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.11 and a beta of 0.78. 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 Co. has a 12-month low of $89.44 and a 12-month high of $135.36.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. RTX’s dividend payout ratio (DPR) is 70.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.13% of the company’s stock.

RTX Company 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.