Webster Bank N. A. Has $1.54 Million Stake in RTX Co. (NYSE:RTX)

Webster Bank N. A. decreased its stake in RTX Co. (NYSE:RTXFree Report) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,295 shares of the company’s stock after selling 28,281 shares during the quarter. Webster Bank N. A.’s holdings in RTX were worth $1,539,000 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. Cary Street Partners Investment Advisory LLC lifted its stake 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 buying an additional 28,910 shares during the period. Rockline Wealth Management LLC acquired a new stake in shares of RTX during the fourth quarter worth about $2,438,000. B&D White Capital Company LLC acquired a new stake in shares of RTX during the third quarter worth about $14,186,000. Peddock Capital Advisors LLC raised its position in shares of RTX by 3.5% during the third quarter. Peddock Capital Advisors LLC now owns 5,117 shares of the company’s stock worth $368,000 after purchasing an additional 175 shares during the period. Finally, Hurlow Wealth Management Group Inc. acquired a new stake in shares of RTX during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RTX shares. 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. Barclays raised their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Robert W. Baird reissued a “neutral” rating and issued a $94.00 target price (up previously from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Finally, TD Cowen lifted their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, thirteen have assigned 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 price target of $95.12.

Get Our Latest Research Report on RTX

RTX Stock Performance

Shares of NYSE RTX opened at $97.53 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The stock has a 50 day moving average of $92.24 and a 200-day moving average of $84.18. The company has a market capitalization of $129.67 billion, a P/E ratio of 43.54, a P/E/G ratio of 1.80 and a beta of 0.88.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. During the same period in the previous year, the company posted $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 research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.42%. RTX’s dividend payout ratio is currently 105.36%.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of RTX 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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