Family Capital Management Inc. Takes Position in RTX Corporation (NYSE:RTX)

Family Capital Management Inc. purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,830 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bay Capital Advisors LLC acquired a new stake in RTX in the first quarter valued at $224,000. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after purchasing an additional 2,686 shares during the last quarter. Deutsche Bank AG grew its holdings in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the period. Occudo Quantitative Strategies LP bought a new position in RTX during the fourth quarter worth about $3,356,000. Finally, Thoroughbred Financial Services LLC increased its position in RTX by 43.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after buying an additional 7,987 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RTX. Royal Bank Of Canada reduced their target price on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Susquehanna reduced their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $161.12.

RTX Price Performance

Shares of NYSE RTX traded up $0.25 during mid-day trading on Monday, reaching $146.00. The company had a trading volume of 4,531,083 shares, compared to its average volume of 5,341,826. The firm has a market cap of $195.05 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.63 and a beta of 0.64. The business's 50-day simple moving average is $137.24 and its 200 day simple moving average is $129.46. RTX Corporation has a one year low of $99.42 and a one 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.

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 analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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 payout ratio is presently 79.77%.

Insiders Place Their Bets

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business'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 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 ownership of the stock. The sale 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 firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

RTX Company 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.