Crossmark Global Holdings Inc. Sells 2,966 Shares of RTX Corporation (NYSE:RTX)

Crossmark Global Holdings Inc. reduced its stake in RTX Corporation (NYSE:RTX - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,233 shares of the company's stock after selling 2,966 shares during the period. Crossmark Global Holdings Inc.'s holdings in RTX were worth $17,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Centennial Bank AR lifted its stake in shares of RTX by 4.8% in the 1st quarter. Centennial Bank AR now owns 2,366 shares of the company's stock worth $313,000 after acquiring an additional 109 shares during the period. Callan Capital LLC raised its holdings in shares of RTX by 15.1% in the 1st quarter. Callan Capital LLC now owns 7,163 shares of the company's stock worth $949,000 after purchasing an additional 942 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in shares of RTX by 12.6% in the 1st quarter. Capital Advisors Inc. OK now owns 21,697 shares of the company's stock worth $2,874,000 after purchasing an additional 2,420 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in shares of RTX by 0.8% in the 1st quarter. Heritage Wealth Management Inc. now owns 11,222 shares of the company's stock worth $1,486,000 after purchasing an additional 86 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of RTX by 13.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 995 shares of the company's stock worth $132,000 after purchasing an additional 117 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 1.3%

RTX stock traded down $1.89 during trading hours on Tuesday, hitting $144.04. The company had a trading volume of 1,233,951 shares, compared to its average volume of 5,326,313. The firm has a market capitalization of $192.42 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. 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 firm's fifty day moving average is $137.66 and its 200-day moving average is $129.67. RTX Corporation has a fifty-two week low of $99.42 and a fifty-two week high of $149.26.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.89%. RTX's dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

RTX has been the topic of a number of research reports. Morgan Stanley upgraded shares of 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. Royal Bank Of Canada dropped their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.12.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction 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 transaction, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares of the company's stock, 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. Corporate insiders own 0.15% of the company's stock.

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.