RTX Corporation (NYSE:RTX) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. decreased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,354 shares of the company's stock after selling 6,184 shares during the quarter. RTX makes up about 1.0% of Financial Counselors Inc.'s portfolio, making the stock its 25th biggest holding. Financial Counselors Inc.'s holdings in RTX were worth $62,965,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of RTX by 65.5% in the 4th quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,568 shares during the period. E Fund Management Co. Ltd. lifted its holdings in shares of RTX by 60.8% in the 4th quarter. E Fund Management Co. Ltd. now owns 3,228 shares of the company's stock worth $374,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of RTX during the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on RTX. Citigroup decreased their price target on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. UBS Group boosted their price target on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Four 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.12.

RTX Stock Performance

Shares of RTX stock traded up $0.25 during trading hours on Monday, reaching $146.00. 4,531,083 shares of the company's stock were exchanged, compared to its average volume of 5,341,825. RTX Corporation has a 1 year low of $99.42 and a 1 year high of $149.26. 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 company has a market cap of $195.05 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The company's 50 day moving average is $137.24 and its two-hundred day moving average is $129.46.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.86%. RTX's payout ratio is currently 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.