RTX Co. (NYSE:RTX) Shares Purchased by Boltwood Capital Management

Boltwood Capital Management increased its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 87.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,073 shares of the company's stock after purchasing an additional 3,290 shares during the period. Boltwood Capital Management's holdings in RTX were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in RTX during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its position in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares during the period. Greenline Partners LLC purchased a new position in shares of RTX in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX in the 4th quarter worth about $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.1%

Shares of RTX traded up $0.14 during mid-day trading on Friday, reaching $139.21. The stock had a trading volume of 4,509,961 shares, compared to its average volume of 5,350,892. RTX Co. has a 52-week low of $99.07 and a 52-week high of $140.62. The firm has a market cap of $185.98 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 2.11 and a beta of 0.60. The business's fifty day moving average is $129.50 and its 200 day moving average is $125.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last posted 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%. On average, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.95%. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is currently 79.77%.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 16,538 shares of the company's stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reduced their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reduced their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Susquehanna decreased their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $159.82.

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.