Foundry Partners LLC Sells 12,215 Shares of RTX Co. (NYSE:RTX)

Foundry Partners LLC trimmed its position in shares of RTX Co. (NYSE:RTX - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,779 shares of the company's stock after selling 12,215 shares during the period. Foundry Partners LLC's holdings in RTX were worth $8,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new stake in shares of RTX during the 4th quarter valued at $25,000. Strengthening Families & Communities LLC bought a new stake in shares of RTX during the 3rd quarter valued at $28,000. Quarry LP bought a new stake in RTX in the 1st quarter valued at $28,000. Planned Solutions Inc. bought a new stake in RTX in the 4th quarter valued at $30,000. Finally, Financial Gravity Asset Management Inc. increased its holdings 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 acquiring an additional 345 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company's stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 of the company's stock, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company's stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 in the last three months. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RTX. UBS Group lifted their price target on shares of RTX from $93.00 to $96.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. Robert W. Baird lifted their price target on shares of RTX from $94.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Barclays lifted their price target on shares of RTX from $75.00 to $90.00 and gave the company an "equal weight" rating in a report on Tuesday, January 30th. TD Cowen lifted their price target on shares of RTX from $106.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, March 19th. Finally, Royal Bank of Canada lifted their price target on shares of RTX from $82.00 to $88.00 and gave the company a "sector perform" rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $93.40.

RTX Trading Up 0.8 %

Shares of RTX stock traded up $0.85 during trading hours on Friday, reaching $101.56. 10,328,788 shares of the stock were exchanged, compared to its average volume of 7,908,590. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.32. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $94.55 and its 200-day moving average price is $86.67. The firm has a market capitalization of $135.04 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm had revenue of $19.93 billion during the quarter, compared to analysts' expectations of $19.74 billion. During the same period in the previous year, the company earned $1.27 EPS. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.32%. RTX's dividend payout ratio (DPR) is 105.36%.

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.

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