International Assets Investment Management LLC Has $1.50 Million Stake in RTX Co. (NYSE:RTX)

International Assets Investment Management LLC trimmed its position in RTX Co. (NYSE:RTX) by 98.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,290 shares of the company’s stock after selling 1,384,745 shares during the quarter. International Assets Investment Management LLC’s holdings in RTX were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX during the 4th quarter valued at about $25,000. Planned Solutions Inc. bought a new stake in RTX during the 4th quarter worth about $30,000. Financial Gravity Asset Management Inc. boosted its stake in RTX by 352.0% in the third 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. Valley National Advisers Inc. grew its stake in shares of RTX by 37.4% during the third 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 period. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of RTX in the 4th quarter valued at about $38,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 0.5 %

NYSE RTX opened at $105.61 on Monday. 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 stock has a market cap of $140.41 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.83. The stock has a 50 day simple moving average of $104.38 and a two-hundred day simple moving average of $94.97. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $108.65.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is 98.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RTX shares. TD Cowen upped 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. Wells Fargo & Company upped their target price on shares of RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Susquehanna upped their price objective on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Citigroup boosted their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.33.

Insider Activity at RTX

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

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.