Blair William & Co. IL Sells 3,040 Shares of RTX Corporation (NYSE:RTX)

Key Points

• Blair William & Co. IL reduced its stake in RTX Corporation by 0.9%, selling 3,040 shares, bringing their total holdings to 351,612 shares worth $46.6 million at the end of the most recent quarter.
• Recent analyst reports on RTX show a positive trend, with price target increases from firms like JPMorgan Chase and Citigroup, reflecting strong investor confidence in the company's outlook.
• RTX has announced a quarterly dividend of $0.68 per share, resulting in an annualized dividend of $2.72, with a current dividend yield of 1.7%.

Blair William & Co. IL lowered its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 351,612 shares of the company's stock after selling 3,040 shares during the quarter. Blair William & Co. IL's holdings in RTX were worth $46,575,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. MorganRosel Wealth Management LLC purchased a new position in shares of RTX in the first quarter valued at approximately $26,000. 10Elms LLP purchased a new position in RTX during the fourth quarter worth approximately $29,000. Greenline Partners LLC purchased a new position in RTX during the fourth quarter worth approximately $34,000. Mpwm Advisory Solutions LLC acquired a new stake in RTX during the fourth quarter worth $43,000. Finally, Capital A Wealth Management LLC acquired a new stake in RTX during the fourth quarter worth $45,000. Institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,234 shares of company stock valued at $4,439,755 over the last ninety days. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a report on Friday, April 25th. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average target price of $158.67.

RTX Stock Down 0.4%

Shares of NYSE RTX opened at $156.92 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The firm has a market capitalization of $210.04 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.89 and a beta of 0.68. The firm has a fifty day simple moving average of $145.69 and a two-hundred day simple moving average of $134.40.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

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.

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