RTX Corporation (NYSE:RTX) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,074 shares of the company's stock after selling 7,611 shares during the quarter. RTX makes up approximately 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Stratos Investment Management LLC lifted its holdings in shares of RTX by 8.6% in the first quarter. Stratos Investment Management LLC now owns 40,807 shares of the company's stock worth $5,405,000 after acquiring an additional 3,234 shares during the last quarter. Black Diamond Financial LLC acquired a new position in shares of RTX in the first quarter valued at approximately $399,000. Alpha Cubed Investments LLC raised its holdings in RTX by 28.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 19,508 shares of the company's stock valued at $2,584,000 after buying an additional 4,351 shares during the last quarter. Family Capital Management Inc. acquired a new stake in RTX during the 1st quarter worth approximately $242,000. Finally, Planning Directions Inc. bought a new stake in RTX during the 1st quarter worth approximately $449,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RTX shares. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. UBS Group raised their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $161.12.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the vice president directly owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

RTX Trading Down 0.7%

NYSE RTX traded down $0.99 during mid-day trading on Tuesday, reaching $144.93. 4,326,870 shares of the stock were exchanged, compared to its average volume of 5,337,801. RTX Corporation has a one year low of $99.42 and a one year high of $149.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market cap of $193.62 billion, a P/E ratio of 42.50, a P/E/G ratio of 2.63 and a beta of 0.64. The stock has a 50 day simple moving average of $137.66 and a 200-day simple moving average of $129.67.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share 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 firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.88%. RTX's dividend payout ratio (DPR) is currently 79.77%.

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.