Berkeley Capital Partners LLC Purchases 5,052 Shares of RTX Corporation (NYSE:RTX)

Berkeley Capital Partners LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 48.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,448 shares of the company's stock after buying an additional 5,052 shares during the quarter. Berkeley Capital Partners LLC's holdings in RTX were worth $2,046,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in RTX during the fourth quarter valued at approximately $1,745,644,000. GAMMA Investing LLC boosted its holdings in shares of RTX by 14,838.5% in the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after buying an additional 4,135,349 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after buying an additional 3,164,844 shares during the period. Invesco Ltd. boosted its holdings in shares of RTX by 17.6% in the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after buying an additional 1,522,251 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after buying an additional 1,252,448 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.1%

Shares of NYSE RTX traded up $0.18 during midday trading on Friday, reaching $151.68. The stock had a trading volume of 5,922,284 shares, compared to its average volume of 5,272,943. The firm has a market cap of $202.64 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. RTX Corporation has a twelve month low of $102.62 and a twelve month 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 company's 50 day moving average price is $141.35 and its 200 day moving average price is $131.59.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 company 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%. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a research report on Friday, April 25th. UBS Group boosted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Benchmark raised shares of 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 investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.28.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated 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 directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

About RTX

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.