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

CapWealth Advisors LLC trimmed its position in RTX Corporation (NYSE:RTX - Free Report) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 258,074 shares of the company's stock after selling 7,611 shares during the period. RTX comprises approximately 3.7% of CapWealth Advisors LLC's holdings, making the stock its 5th largest holding. CapWealth Advisors LLC's holdings in RTX were worth $34,185,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in RTX by 65.5% during the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock worth $1,043,000 after acquiring an additional 3,568 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in RTX during the fourth quarter worth about $81,000. Finally, BOK Financial Private Wealth Inc. lifted its holdings in RTX by 43.3% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 414 shares of the company's stock worth $48,000 after acquiring an additional 125 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX stock traded up $0.29 during midday trading on Thursday, reaching $146.47. 3,858,992 shares of the company's stock were exchanged, compared to its average volume of 5,307,511. RTX Corporation has a 52 week low of $99.42 and a 52 week high of $149.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $195.67 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 2.62 and a beta of 0.64. The stock's 50-day simple moving average is $138.45 and its 200 day simple moving average is $129.89.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, analysts expect 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. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.86%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on 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 owned 16,538 shares of the company's stock, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock 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. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Wells Fargo & Company increased their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Finally, Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Four 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.12.

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.