Buffington Mohr McNeal Sells 7,046 Shares of RTX Corporation (NYSE:RTX)

Buffington Mohr McNeal decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 51.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,640 shares of the company's stock after selling 7,046 shares during the period. Buffington Mohr McNeal's holdings in RTX were worth $880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 1620 Investment Advisors Inc. raised its position 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 valued at $1,401,000 after acquiring an additional 79 shares during the last quarter. McDonough Capital Management Inc raised its position in shares of RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock valued at $603,000 after acquiring an additional 80 shares during the last quarter. Guardian Wealth Advisors LLC NC raised its position in shares of RTX by 1.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after acquiring an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of RTX by 2.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after acquiring an additional 82 shares during the last quarter. Finally, CLG LLC grew its holdings in shares of RTX by 2.3% in the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after buying an additional 83 shares during the period. Institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 0.9%

RTX stock traded up $1.28 during trading hours on Thursday, reaching $145.80. 1,888,713 shares of the stock were exchanged, compared to its average volume of 5,348,312. The firm's 50-day moving average is $136.35 and its 200-day moving average is $128.88. The company has a market cap of $194.78 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.61 and a beta of 0.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 12 month low of $99.42 and a 12 month high of $149.26.

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

RTX Announces Dividend

The firm also recently disclosed 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 1.87%. RTX's dividend payout ratio is 79.77%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. 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. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 23rd. Finally, Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Four equities research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.12.

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.