Edgar Lomax Co. VA Sells 7,120 Shares of RTX Co. (NYSE:RTX)

Edgar Lomax Co. VA reduced its holdings in RTX Co. (NYSE:RTX - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,993 shares of the company's stock after selling 7,120 shares during the quarter. Edgar Lomax Co. VA's holdings in RTX were worth $14,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its position in RTX by 26.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company's stock valued at $10,077,000 after purchasing an additional 28,910 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of RTX by 8.5% in the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company's stock valued at $1,153,000 after buying an additional 1,079 shares during the last quarter. Rockline Wealth Management LLC acquired a new position in RTX during the fourth quarter worth $2,438,000. AllGen Financial Advisors Inc. raised its position in RTX by 12.8% during the fourth quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company's stock worth $2,720,000 after acquiring an additional 3,657 shares in the last quarter. Finally, PDS Planning Inc bought a new position in shares of RTX in the 4th quarter valued at about $356,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. Bank of America lifted their target price on RTX from $100.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Robert W. Baird upped their target price on RTX from $94.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. TD Cowen boosted their price objective on shares of RTX from $106.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, March 19th. TheStreet upgraded shares of RTX from a "c" rating to a "b-" rating in a research note on Tuesday, January 23rd. Finally, Barclays increased their target price on RTX from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, RTX has an average rating of "Hold" and a consensus target price of $98.33.

RTX Trading Up 0.4 %

Shares of NYSE RTX traded up $0.41 during midday trading on Tuesday, hitting $105.43. 4,351,821 shares of the company traded hands, compared to its average volume of 7,882,147. RTX Co. has a 12-month low of $68.56 and a 12-month high of $107.82. The stock has a 50-day moving average price of $100.19 and a 200 day moving average price of $90.91. 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 firm has a market cap of $140.17 billion, a P/E ratio of 41.35, a P/E/G ratio of 1.88 and a beta of 0.84.

RTX (NYSE:RTX - Get Free Report) last announced 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. The business had revenue of $19.30 billion during the quarter, compared to analysts' expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. As a group, analysts expect that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently disclosed 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 boost from RTX's previous quarterly dividend of $0.59. RTX's dividend payout ratio is 98.82%.

Insider Buying and Selling at RTX

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 sale, the insider now owns 149,050 shares of the company's stock, valued at approximately $15,757,566. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory Hayes sold 89,762 shares of the firm'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 transaction of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares of the company's stock, valued at $64,592,832.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company's stock, valued at $15,757,566. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,042 shares of company stock valued at $12,266,459. Company insiders own 0.13% of the company's stock.

RTX 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.