Bryn Mawr Capital Management LLC Sells 5,792 Shares of RTX Corporation (NYSE:RTX)

Bryn Mawr Capital Management LLC reduced its holdings in RTX Corporation (NYSE:RTX - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,526 shares of the company's stock after selling 5,792 shares during the quarter. RTX accounts for 1.1% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 17th largest position. Bryn Mawr Capital Management LLC's holdings in RTX were worth $18,482,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. boosted its stake in shares of RTX by 0.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after acquiring an additional 79 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its position in RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after buying an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after purchasing an additional 82 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in shares of RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after acquiring an additional 82 shares during the last quarter. Finally, CLG LLC raised its stake in shares of RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after acquiring an additional 83 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.8%

RTX stock traded up $1.17 during midday trading on Wednesday, hitting $149.85. The stock had a trading volume of 1,462,833 shares, compared to its average volume of 5,268,322. The firm has a market cap of $200.19 billion, a P/E ratio of 43.95, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. 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 1-year low of $101.75 and a 1-year high of $150.75. The business has a fifty day moving average price of $139.99 and a two-hundred day moving average price of $130.84.

RTX (NYSE:RTX - Get Free Report) last released its 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. The business had revenue of $20.31 billion for 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, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.82%. RTX's dividend payout ratio is currently 79.77%.

Analyst Ratings Changes

Several brokerages have commented on RTX. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average target price of $162.61.

Insider Activity

In other news, VP Amy L. Johnson sold 4,146 shares of the business'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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's 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 sale, the executive vice president directly owned 16,538 shares of the company's stock, 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.