Catalina Capital Group LLC Has $273,000 Stock Holdings in RTX Corporation (NYSE:RTX)

Catalina Capital Group LLC lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 66.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,060 shares of the company's stock after selling 4,137 shares during the quarter. Catalina Capital Group LLC's holdings in RTX were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. TCI Wealth Advisors Inc. boosted its stake in RTX by 14.9% in the first quarter. TCI Wealth Advisors Inc. now owns 8,346 shares of the company's stock worth $1,105,000 after purchasing an additional 1,083 shares in the last quarter. Boston Trust Walden Corp bought a new stake in shares of RTX during the first quarter worth $1,576,000. Johnson Investment Counsel Inc. raised its position in shares of RTX by 4.6% during the first quarter. Johnson Investment Counsel Inc. now owns 34,481 shares of the company's stock worth $4,567,000 after acquiring an additional 1,515 shares during the last quarter. Grandview Asset Management LLC bought a new stake in shares of RTX during the first quarter worth $542,000. Finally, Builder Investment Group Inc. ADV raised its position in shares of RTX by 1.7% during the first quarter. Builder Investment Group Inc. ADV now owns 49,798 shares of the company's stock worth $6,596,000 after acquiring an additional 815 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated 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 transaction, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 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. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.6%

NYSE:RTX traded up $0.88 on Friday, reaching $146.75. The company's stock had a trading volume of 9,218,508 shares, compared to its average volume of 5,445,506. RTX Corporation has a 1-year low of $99.07 and a 1-year 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 $196.05 billion, a PE ratio of 43.04, a PEG ratio of 2.64 and a beta of 0.63. The business's 50-day moving average price is $133.43 and its two-hundred day moving average price is $127.42.

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

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were given a dividend of $0.68 per share. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, May 23rd. RTX's dividend payout ratio is currently 79.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Citigroup dropped their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $159.82.

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.