ST Germain D J Co. Inc. Decreases Holdings in RTX Co. (NYSE:RTX)

ST Germain D J Co. Inc. cut its stake in shares of RTX Co. (NYSE:RTX) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,461 shares of the company’s stock after selling 725 shares during the period. ST Germain D J Co. Inc.’s holdings in RTX were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Monument Group Wealth Advisors LLC purchased a new stake in RTX in the 3rd quarter valued at about $212,000. Blue Trust Inc. raised its holdings in shares of RTX by 27.4% in the 3rd quarter. Blue Trust Inc. now owns 21,028 shares of the company’s stock valued at $2,548,000 after purchasing an additional 4,521 shares in the last quarter. Riverview Trust Co lifted its position in shares of RTX by 14.6% in the 3rd quarter. Riverview Trust Co now owns 2,109 shares of the company’s stock worth $256,000 after purchasing an additional 269 shares during the period. Moss Adams Wealth Advisors LLC lifted its holdings in RTX by 12.7% during the third quarter. Moss Adams Wealth Advisors LLC now owns 3,948 shares of the company’s stock worth $478,000 after buying an additional 445 shares during the period. Finally, Accurate Wealth Management LLC raised its position in shares of RTX by 12.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,215 shares of the company’s stock worth $777,000 after acquiring an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $162.50.

RTX Trading Up 0.1 %

NYSE:RTX opened at $125.92 on Friday. The stock’s 50 day moving average price is $120.91 and its 200 day moving average price is $110.46. RTX Co. has a 52-week low of $72.48 and a 52-week high of $127.00. The company has a market capitalization of $167.41 billion, a PE ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

About RTX

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.