Cerity Partners LLC Has $146.88 Million Holdings in RTX Corporation (NYSE:RTX)

Cerity Partners LLC grew its position in RTX Corporation (NYSE:RTX - Free Report) by 60.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,108,843 shares of the company's stock after acquiring an additional 416,388 shares during the quarter. Cerity Partners LLC owned 0.08% of RTX worth $146,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Phillips Financial Management LLC acquired a new stake in RTX in the 1st quarter valued at about $202,000. Arcus Capital Partners LLC lifted its stake in RTX by 298.2% in the first quarter. Arcus Capital Partners LLC now owns 8,883 shares of the company's stock valued at $1,177,000 after buying an additional 6,652 shares during the period. Code Waechter LLC boosted its holdings in RTX by 14.8% during the first quarter. Code Waechter LLC now owns 2,458 shares of the company's stock worth $326,000 after buying an additional 317 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of RTX during the 1st quarter worth about $50,000. Finally, Alps Advisors Inc. bought a new stake in RTX in the first quarter valued at approximately $477,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

NYSE RTX opened at $146.47 on Friday. 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's fifty day moving average price is $138.83 and its 200 day moving average price is $130.10. The company has a market cap of $195.67 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 2.64 and a beta of 0.64. RTX Corporation has a 1 year low of $100.22 and a 1 year high of $149.26.

RTX (NYSE:RTX - Get Free Report) last posted its 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. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid 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 79.77%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and raised their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a report on Friday, April 25th. Wells Fargo & Company upped their price target 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, UBS Group lifted their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average price target of $161.12.

Insider Activity

In other news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the executive vice president owned 16,538 shares in the company, valued at approximately $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 currently owned by insiders.

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.