Invesco LLC Has $1.83 Million Holdings in RTX Corporation (NYSE:RTX)

Invesco LLC lessened its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 20.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,793 shares of the company's stock after selling 3,652 shares during the quarter. Invesco LLC's holdings in RTX were worth $1,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of RTX during the 4th quarter valued at $29,000. Fairway Wealth LLC bought a new position in RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management grew 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 acquiring an additional 265 shares during the period. Greenline Partners LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX in the fourth quarter valued at $39,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 4,146 shares of the business's 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now directly owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group lifted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.12.

RTX Stock Down 2.7%

Shares of RTX stock traded down $3.96 on Tuesday, hitting $141.85. The company's stock had a trading volume of 8,235,285 shares, compared to its average volume of 5,429,677. 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 stock has a market capitalization of $189.51 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 2.65 and a beta of 0.63. RTX Corporation has a fifty-two week low of $99.07 and a fifty-two week high of $149.26. The firm's fifty day moving average price is $133.77 and its 200-day moving average price is $127.74.

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

RTX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.92%. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. RTX's dividend payout ratio is 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.