176,278 Shares in RTX Corporation (NYSE:RTX) Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 176,278 shares of the company's stock, valued at approximately $23,350,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter valued at $26,000. 10Elms LLP bought a new position in RTX during the 4th quarter worth $29,000. Fairway Wealth LLC bought a new position in RTX during the 4th quarter worth $31,000. Picton Mahoney Asset Management raised its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Finally, Greenline Partners LLC bought a new position in RTX during the 4th quarter worth $34,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.9%

NYSE RTX traded up $1.28 during mid-day trading on Friday, hitting $145.80. The company's stock had a trading volume of 1,888,713 shares, compared to its average volume of 5,345,078. The company's 50 day simple moving average is $137.24 and its 200 day simple moving average is $129.26. RTX Corporation has a twelve month low of $99.42 and a twelve month high of $149.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $194.78 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.63 and a beta of 0.64.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. RTX's dividend payout ratio is 79.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. The Goldman Sachs Group upped their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. UBS Group boosted their price target 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 reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Wednesday, May 14th. Finally, Citigroup cut their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.12.

Insiders Place Their Bets

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX 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 transaction, the vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction 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 directly owned 16,538 shares in the company, valued at $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. 0.15% of the stock is owned by insiders.

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.