JGP Wealth Management LLC Has $11.82 Million Holdings in RTX Co. (NYSE:RTX)

JGP Wealth Management LLC lowered its stake in RTX Co. (NYSE:RTX - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,224 shares of the company's stock after selling 5,117 shares during the quarter. RTX comprises approximately 1.6% of JGP Wealth Management LLC's holdings, making the stock its 18th largest holding. JGP Wealth Management LLC's holdings in RTX were worth $11,819,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. National Pension Service raised its stake in RTX by 15.1% during the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after buying an additional 375,781 shares during the period. Deutsche Bank AG raised its stake in RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after buying an additional 936,953 shares during the period. Archer Investment Corp raised its stake in RTX by 370.3% during the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after buying an additional 4,151 shares during the period. Optas LLC raised its stake in RTX by 114.5% during the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after buying an additional 3,770 shares during the period. Finally, Thoroughbred Financial Services LLC raised its stake in RTX by 43.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after buying an additional 7,987 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RTX. Royal Bank of Canada dropped 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. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $159.82.

RTX Stock Performance

Shares of NYSE:RTX traded up $0.41 during trading on Thursday, reaching $138.96. 1,125,055 shares of the stock were exchanged, compared to its average volume of 5,336,227. RTX Co. has a 12 month low of $99.07 and a 12 month high of $139.37. The firm has a market cap of $185.64 billion, a PE ratio of 39.14, a PEG ratio of 2.11 and a beta of 0.60. The stock has a 50-day moving average price of $129.37 and a 200-day moving average price of $125.48. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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

RTX Increases Dividend

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

Insider Buying and Selling at RTX

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 directly owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company's stock.

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.