Greenleaf Trust Buys 2,937 Shares of RTX Corporation (NYSE:RTX)

Greenleaf Trust boosted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,344 shares of the company's stock after buying an additional 2,937 shares during the quarter. Greenleaf Trust's holdings in RTX were worth $11,570,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. 1620 Investment Advisors Inc. grew its stake in shares of RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after buying an additional 79 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its stake in shares of RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after buying an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its stake in shares of RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after buying an additional 82 shares during the last quarter. CLG LLC grew its stake in shares of RTX by 2.3% during the first quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after buying an additional 83 shares during the last quarter. Finally, 49 Wealth Management LLC boosted its stake in shares of RTX by 3.3% during the fourth quarter. 49 Wealth Management LLC now owns 2,609 shares of the company's stock valued at $302,000 after purchasing an additional 84 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% 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.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RTX shares. 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 research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Four investment 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. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $161.12.

RTX Trading Up 0.2%

Shares of RTX stock traded up $0.29 during mid-day trading on Thursday, hitting $146.47. The company's stock had a trading volume of 4,130,468 shares, compared to its average volume of 5,302,859. The company's fifty day simple moving average is $138.83 and its 200-day simple moving average is $130.10. The company has a market cap of $195.67 billion, a PE ratio of 42.95, a P/E/G ratio of 2.64 and a beta of 0.64. 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 Corporation has a 52 week low of $100.22 and a 52 week high of $149.26.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion during 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%. As a group, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.86%. RTX's payout ratio is 79.77%.

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.