First National Bank Sioux Falls Invests $265,000 in RTX Co. (NYSE:RTX)

First National Bank Sioux Falls bought a new stake in RTX Co. (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the company's stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP bought a new position in shares of RTX in the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in RTX in the fourth quarter valued at about $31,000. Picton Mahoney Asset Management boosted its holdings in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of RTX during the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RTX shares. JPMorgan Chase & Co. decreased their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a report on Friday, April 25th. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $159.82.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of RTX 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 completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the 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 sale, the executive vice president now owns 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. Corporate insiders own 0.15% of the company's stock.

RTX Stock Down 1.7%

Shares of RTX stock traded down $2.46 during trading on Tuesday, reaching $138.52. The company's stock had a trading volume of 6,303,470 shares, compared to its average volume of 5,374,820. RTX Co. has a one year low of $99.07 and a one year high of $141.33. The business has a fifty day moving average price of $129.78 and a 200-day moving average price of $125.98. The company has a market cap of $185.06 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. Analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.96%. RTX's dividend payout ratio is 79.77%.

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.