Diversified Trust Co Has $3.06 Million Stake in RTX Co. (NYSE:RTX)

Diversified Trust Co decreased its stake in RTX Co. (NYSE:RTX) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,329 shares of the company’s stock after selling 5,409 shares during the quarter. Diversified Trust Co’s holdings in RTX were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC lifted its stake in RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares during the period. TCW Group Inc. acquired a new position in RTX in the fourth quarter valued at about $1,912,000. Robinson Smith Wealth Advisors LLC bought a new stake in shares of RTX in the fourth quarter worth about $672,000. Mather Group LLC. increased its holdings in shares of RTX by 8.5% in the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after acquiring an additional 1,079 shares in the last quarter. Finally, Rockline Wealth Management LLC bought a new stake in shares of RTX in the fourth quarter worth about $2,438,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

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

RTX Stock Performance

RTX opened at $99.55 on Tuesday. RTX Co. has a 12-month low of $68.56 and a 12-month high of $108.65. The stock has a market cap of $132.35 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 1.76 and a beta of 0.82. The business has a 50 day moving average of $104.38 and a 200-day moving average of $95.78. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

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 analysts’ consensus estimates 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 analysts’ expectations of $18.44 billion. During the same period last year, the firm posted $1.22 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 annualized dividend and a yield of 2.53%. RTX’s payout ratio is currently 98.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Susquehanna increased their price target on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.33.

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.