Curbstone Financial Management Corp Sells 184 Shares of RTX Co. (NYSE:RTX)

Curbstone Financial Management Corp trimmed its position in shares of RTX Co. (NYSE:RTX) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,062 shares of the company’s stock after selling 184 shares during the quarter. Curbstone Financial Management Corp’s holdings in RTX were worth $3,279,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RTX. Gabelli Funds LLC lifted its holdings in shares of RTX by 60.7% during the fourth quarter. Gabelli Funds LLC now owns 31,840 shares of the company’s stock valued at $2,679,000 after purchasing an additional 12,025 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of RTX by 131.0% during the fourth quarter. Cibc World Markets Corp now owns 185,575 shares of the company’s stock valued at $15,614,000 after purchasing an additional 105,239 shares during the last quarter. Pinnacle West Asset Management Inc. purchased a new position in shares of RTX during the fourth quarter valued at approximately $230,000. Stephens Inc. AR lifted its holdings in shares of RTX by 14.6% during the fourth quarter. Stephens Inc. AR now owns 105,627 shares of the company’s stock valued at $8,887,000 after purchasing an additional 13,476 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its holdings in shares of RTX by 47.6% during the fourth quarter. Morningstar Investment Services LLC now owns 323,447 shares of the company’s stock valued at $27,224,000 after purchasing an additional 104,319 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Down 0.3 %

Shares of RTX stock opened at $123.67 on Friday. The company has a market capitalization of $164.42 billion, a P/E ratio of 48.50, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company has a fifty day moving average of $118.69 and a 200 day moving average of $108.07. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $125.53.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. RTX’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, sell-side analysts anticipate that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RTX. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Melius Research boosted their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Susquehanna boosted their price objective on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $109.00 to $129.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average price target of $161.13.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last 90 days. Insiders own 0.13% of the company’s stock.

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.