4,034 Shares in RTX Co. (NYSE:RTX) Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in RTX Co. (NYSE:RTX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,034 shares of the company's stock, valued at approximately $534,000.

A number of other large investors have also recently added to or reduced their stakes in the company. National Pension Service lifted its position in shares of RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after purchasing an additional 375,781 shares in the last quarter. Deutsche Bank AG increased its stake in shares of RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in RTX during the fourth quarter worth $3,356,000. Thoroughbred Financial Services LLC lifted its stake in shares of RTX by 43.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after buying an additional 7,987 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in RTX by 6.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company's stock valued at $65,278,000 after acquiring an additional 32,024 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded up $3.85 during trading hours on Friday, reaching $144.83. 3,671,648 shares of the stock traded hands, compared to its average volume of 5,374,656. The company has a market capitalization of $193.48 billion, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. The company's 50-day simple moving average is $130.91 and its two-hundred day simple moving average is $126.33. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52-week low of $99.07 and a 52-week high of $149.94.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio is currently 79.77%.

Analysts Set New Price Targets

RTX has been the topic of a number of recent research reports. Wall Street Zen upgraded RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Citigroup cut their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company increased their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Finally, Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, RTX presently has a consensus rating of "Buy" and an average target price of $159.82.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president now owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

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.