D.A. Davidson & CO. Has $103.91 Million Holdings in RTX Corporation (NYSE:RTX)

D.A. Davidson & CO. lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 784,434 shares of the company's stock after purchasing an additional 5,244 shares during the quarter. RTX accounts for approximately 0.8% of D.A. Davidson & CO.'s holdings, making the stock its 22nd biggest holding. D.A. Davidson & CO. owned approximately 0.06% of RTX worth $103,906,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC increased its stake in RTX by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after purchasing an additional 1,000,722 shares in the last quarter. Franklin Resources Inc. increased its position in shares of RTX by 3.8% during the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after acquiring an additional 603,159 shares in the last quarter. Norges Bank bought a new stake in shares of RTX in the fourth quarter valued at about $1,745,644,000. Finally, Northern Trust Corp grew its holdings in shares of RTX by 8.4% during the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after buying an additional 997,806 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Citigroup reduced their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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 stock was 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 directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business'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 in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of RTX stock traded up $1.28 during trading hours on Friday, reaching $145.80. The company's stock had a trading volume of 1,888,713 shares, compared to its average volume of 5,348,312. RTX Corporation has a fifty-two week low of $99.42 and a fifty-two week high of $149.26. 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 50 day simple moving average is $136.83 and its 200-day simple moving average is $129.07. The company has a market capitalization of $194.78 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 2.61 and a beta of 0.64.

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

RTX Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.87%. RTX's payout ratio is presently 79.77%.

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.