RTX Corporation (NYSE:RTX) is CapWealth Advisors LLC's 5th Largest Position

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

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter valued at approximately $26,000. 10Elms LLP acquired a new stake in RTX during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in RTX during the 4th quarter valued at approximately $31,000. Picton Mahoney Asset Management lifted its stake in 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. Finally, Greenline Partners LLC acquired a new stake in RTX during the 4th quarter valued at approximately $34,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following 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 position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research note on Friday, April 25th. Royal Bank Of Canada decreased their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Wells Fargo & Company boosted their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.12.

RTX Price Performance

NYSE:RTX traded up $0.40 during trading hours on Friday, reaching $146.80. 3,468,750 shares of the company were exchanged, compared to its average volume of 5,286,353. 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 stock's 50-day moving average is $139.16 and its 200-day moving average is $130.30. The firm has a market cap of $196.12 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 2.72 and a beta of 0.64. RTX Corporation has a twelve month low of $101.02 and a twelve 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 earnings per share 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 analysts' expectations of $19.80 billion. On average, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.85%. RTX's payout ratio is 79.77%.

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.