RTX Co. (NYSE:RTX) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its stake in RTX Co. (NYSE:RTX - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,214,011 shares of the company's stock after selling 199,069 shares during the quarter. RTX comprises about 1.0% of Fort Washington Investment Advisors Inc. OH's holdings, making the stock its 26th biggest holding. Fort Washington Investment Advisors Inc. OH owned about 0.09% of RTX worth $160,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RTX. 10Elms LLP purchased a new stake in shares of RTX in the 4th quarter worth about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its position in shares of RTX by 2,944.4% in the 4th 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 period. Greenline Partners LLC purchased a new stake in shares of RTX in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of RTX in the 4th quarter worth about $39,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business'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 completion of the transaction, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction 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 now owns 16,538 shares in the company, valued at $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. Insiders own 0.15% of the company's stock.

RTX Trading Down 0.6%

Shares of RTX traded down $0.89 during trading on Thursday, reaching $140.92. 4,663,104 shares of the company traded hands, compared to its average volume of 5,379,992. RTX Co. has a twelve month low of $99.07 and a twelve month high of $142.65. The stock has a market cap of $188.26 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. The stock has a 50-day simple moving average of $130.44 and a 200-day simple moving average of $126.17. 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 announced 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. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. On average, analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is a positive change from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.93%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Wells Fargo & Company upped their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada cut their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $159.82.

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.