Crossmark Global Holdings Inc. Has $17.65 Million Stock Position in RTX Corporation (NYSE:RTX)

Crossmark Global Holdings Inc. trimmed its holdings in RTX Corporation (NYSE:RTX - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,233 shares of the company's stock after selling 2,966 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in RTX were worth $17,648,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RTX. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of RTX by 65.5% in the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock valued at $1,043,000 after buying an additional 3,568 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of RTX by 60.8% in the fourth quarter. E Fund Management Co. Ltd. now owns 3,228 shares of the company's stock valued at $374,000 after buying an additional 1,221 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of RTX in the fourth quarter valued at about $81,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.2%

Shares of RTX traded up $0.25 on Monday, hitting $146.00. The company's stock had a trading volume of 4,531,083 shares, compared to its average volume of 5,341,826. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm's fifty day moving average price is $137.24 and its 200-day moving average price is $129.46. RTX Corporation has a fifty-two week low of $99.42 and a fifty-two week high of $149.26. The firm has a market capitalization of $195.05 billion, a price-to-earnings ratio of 42.82, a P/E/G ratio of 2.63 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion for 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%. On average, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 presently 79.77%.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred 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 transaction, the vice president directly owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's 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 transaction, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Susquehanna lowered their price objective on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average 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.