Auxano Advisors LLC Sells 7,093 Shares of RTX Corporation (NYSE:RTX)

Auxano Advisors LLC lessened its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 35.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,049 shares of the company's stock after selling 7,093 shares during the quarter. Auxano Advisors LLC's holdings in RTX were worth $1,728,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RTX. Brighton Jones LLC lifted its stake in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares during the period. Proficio Capital Partners LLC grew its stake in RTX by 65.5% during the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock worth $1,043,000 after buying an additional 3,568 shares during the period. Brooklyn FI LLC purchased a new stake in RTX during the fourth quarter worth approximately $533,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in RTX during the fourth quarter worth approximately $240,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Wells Fargo & Company raised their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. Royal Bank Of Canada reduced their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.28.

RTX Stock Performance

RTX stock traded up $0.18 during midday trading on Friday, reaching $151.68. 5,922,284 shares of the company's stock were exchanged, compared to its average volume of 5,280,771. RTX Corporation has a 52 week low of $102.62 and a 52 week high of $152.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $202.64 billion, a price-to-earnings ratio of 44.48, a P/E/G ratio of 2.82 and a beta of 0.64. The stock's 50-day simple moving average is $141.35 and its 200 day simple moving average is $131.48.

RTX (NYSE:RTX - Get Free Report) last released 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 firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.79%. RTX's dividend payout ratio is currently 79.77%.

Insider Transactions at RTX

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