CapWealth Advisors LLC Has $34.19 Million Stake in RTX Corporation (NYSE:RTX)

CapWealth Advisors LLC lessened its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,074 shares of the company's stock after selling 7,611 shares during the quarter. RTX comprises about 3.7% of CapWealth Advisors LLC's investment portfolio, making the stock its 5th largest position. CapWealth Advisors LLC's holdings in RTX were worth $34,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Bay Capital Advisors LLC bought a new position in shares of RTX during the first quarter worth about $224,000. Dynamic Advisor Solutions LLC raised its stake in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after acquiring an additional 2,686 shares during the period. Deutsche Bank AG raised its stake in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after acquiring an additional 936,953 shares during the period. Occudo Quantitative Strategies LP bought a new stake in RTX in the 4th quarter valued at $3,356,000. Finally, Thoroughbred Financial Services LLC boosted its stake in RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after purchasing an additional 7,987 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity

In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. reduced their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reduced their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $161.12.

RTX Stock Up 0.9%

RTX traded up $1.33 during trading on Wednesday, hitting $146.24. 900,190 shares of the company's stock traded hands, compared to its average volume of 5,414,821. The company's 50 day simple moving average is $138.04 and its two-hundred day simple moving average is $129.77. The stock has a market capitalization of $195.36 billion, a price-to-earnings ratio of 42.88, a PEG ratio of 2.64 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 12-month low of $99.42 and a 12-month high of $149.26.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.86%. RTX's dividend payout ratio is currently 79.77%.

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.