Vise Technologies Inc. Sells 262 Shares of RTX Co. (NYSE:RTX)

Vise Technologies Inc. lessened its position in shares of RTX Co. (NYSE:RTXFree Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,662 shares of the company’s stock after selling 262 shares during the period. Vise Technologies Inc.’s holdings in RTX were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RTX. Bear Mountain Capital Inc. bought a new stake in RTX during the fourth quarter valued at $25,000. Planned Solutions Inc. purchased a new stake in RTX in the 4th quarter valued at about $30,000. Financial Gravity Asset Management Inc. increased its stake in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in RTX in the 4th quarter valued at about $38,000. Finally, Valley National Advisers Inc. increased its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of RTX traded down $0.35 during mid-day trading on Wednesday, hitting $105.35. 5,678,637 shares of the company’s stock were exchanged, compared to its average volume of 7,936,755. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $98.76 and a two-hundred day moving average of $90.09. The stock has a market cap of $140.06 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 1.90 and a beta of 0.84. RTX Co. has a twelve month low of $68.56 and a twelve month high of $107.82.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. On average, sell-side analysts forecast that RTX Co. will post 5.4 earnings per share for the current 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 $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, May 16th. This is a positive change from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio (DPR) is 98.82%.

Insider Buying and Selling

In related news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the transaction, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The sale was disclosed in a filing with the SEC, which is available through this link. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Insiders have sold 120,042 shares of company stock valued at $12,266,459 in the last 90 days. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna upped their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. UBS Group upped their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.93.

Get Our Latest Stock Analysis on RTX

About RTX

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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