Measured Wealth Private Client Group LLC Decreases Stake in RTX Co. (NYSE:RTX)

Measured Wealth Private Client Group LLC lessened its position in shares of RTX Co. (NYSE:RTX) by 11.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,364 shares of the company’s stock after selling 442 shares during the period. Measured Wealth Private Client Group LLC’s holdings in RTX were worth $283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in shares of RTX during the 4th quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX in the third quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX during the fourth quarter valued at $30,000. Financial Gravity Asset Management Inc. increased its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake 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 purchasing an additional 127 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 0.5 %

RTX stock traded down $0.49 during midday trading on Friday, hitting $101.40. 13,324,869 shares of the company were exchanged, compared to its average volume of 7,489,805. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The company’s fifty day moving average price is $96.70 and its 200-day moving average price is $88.60. The company has a market cap of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same period in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts predict that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.63 per share. This is a boost from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. RTX’s dividend payout ratio is 92.55%.

Insider Buying and Selling

In other RTX news, COO Christopher T. Calio sold 367 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,842 shares of company stock worth $13,603,426. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Bank of America upped their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. UBS Group increased their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.93.

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.