Legacy Capital Wealth Partners LLC Sells 133 Shares of RTX Co. (NYSE:RTX)

Legacy Capital Wealth Partners LLC cut its position in shares of RTX Co. (NYSE:RTX) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,415 shares of the company’s stock after selling 133 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in RTX were worth $371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Cary Street Partners Investment Advisory LLC lifted its position in shares of RTX by 26.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after purchasing an additional 28,910 shares in the last quarter. Rockline Wealth Management LLC bought a new stake in RTX during the 4th quarter worth about $2,438,000. B&D White Capital Company LLC acquired a new position in shares of RTX during the 3rd quarter worth about $14,186,000. PDS Planning Inc bought a new position in shares of RTX in the 4th quarter valued at about $356,000. Finally, Cullen Investment Group LTD. acquired a new stake in shares of RTX in the fourth quarter valued at about $843,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of RTX opened at $101.41 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 1.83 and a beta of 0.88. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The stock has a fifty day moving average of $95.57 and a 200-day moving average of $87.71.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. RTX’s payout ratio is currently 92.55%.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna upped their target price on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 target price on shares of RTX in a report on Monday, April 1st. Finally, Citigroup increased their price target on shares of RTX from $95.00 to $110.00 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 company has an average rating of “Hold” and an average target price of $96.27.

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.