Bailard Inc. Buys 2,561 Shares of RTX Corporation (NYSE:RTX)

Bailard Inc. lifted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 56.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,063 shares of the company's stock after purchasing an additional 2,561 shares during the quarter. Bailard Inc.'s holdings in RTX were worth $936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter valued at $26,000. 10Elms LLP bought a new position in shares of RTX in the fourth quarter worth $29,000. Greenline Partners LLC bought a new position in shares of RTX in the fourth quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in RTX in the fourth quarter valued at about $39,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in RTX in the fourth quarter valued at about $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna cut their price objective on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.28.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on 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 sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the company'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 completion of the transaction, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

RTX Stock Up 0.1%

Shares of NYSE:RTX traded up $0.18 during midday trading on Friday, hitting $151.68. 5,922,284 shares of the company's stock traded hands, compared to its average volume of 5,272,943. RTX Corporation has a twelve month low of $102.62 and a twelve month high of $152.85. The company has a market cap of $202.64 billion, a PE ratio of 44.48, a P/E/G ratio of 2.82 and a beta of 0.64. 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's fifty day moving average price is $141.35 and its two-hundred day moving average price is $131.59.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

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.