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

CapWealth Advisors LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.9% during the 1st quarter, according to 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 holdings, 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of RTX by 3.4% during the 4th 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 boosted its stake in shares of RTX by 65.5% during the 4th 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 purchased a new stake in shares of RTX during the 4th quarter worth approximately $81,000. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of RTX by 43.3% during the 4th 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. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RTX. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Citigroup decreased their price target on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank Of Canada lowered 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. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a report on Wednesday, April 23rd. Finally, UBS Group increased their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $161.12.

RTX Trading Down 0.1%

Shares of RTX stock traded down $0.16 during trading hours on Friday, reaching $146.25. 819,345 shares of the company's stock were exchanged, compared to its average volume of 5,285,311. RTX Corporation has a 52-week low of $100.22 and a 52-week high of $149.26. The firm has a market capitalization of $195.38 billion, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64. The company has a fifty day moving average of $138.83 and a 200-day moving average of $130.10. 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 (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.71% and a net margin of 5.63%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed 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 1.86%. RTX's payout ratio is 79.77%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on 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 sale, the executive vice president 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 disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

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.