GTS Securities LLC Sells 157,864 Shares of RTX Co. (NYSE:RTX)

GTS Securities LLC trimmed its holdings in RTX Co. (NYSE:RTX - Free Report) by 95.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,285 shares of the company's stock after selling 157,864 shares during the quarter. GTS Securities LLC's holdings in RTX were worth $843,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RTX. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC bought a new position in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management boosted its stake in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Greenline Partners LLC bought a new stake in shares of RTX in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX in the fourth quarter valued at $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Citigroup lowered their target price on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada lowered their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Wells Fargo & Company raised their price objective on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of "Buy" and an average price target of $159.82.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction on 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 now directly owns 9,546 shares in the company, 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 document filed with the SEC, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.

RTX Stock Up 1.5%

Shares of NYSE RTX traded up $1.99 during mid-day trading on Thursday, reaching $134.84. The company had a trading volume of 3,613,622 shares, compared to its average volume of 5,389,906. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a twelve month low of $99.07 and a twelve month high of $138.82. The stock's 50 day moving average is $129.08 and its 200-day moving average is $124.95. The stock has a market capitalization of $180.14 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

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

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.02%. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX's payout ratio is currently 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.