Massachusetts Financial Services Co. MA Has $1.93 Billion Stake in RTX Corporation (NYSE:RTX)

Massachusetts Financial Services Co. MA lessened its holdings in RTX Corporation (NYSE:RTX - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,597,120 shares of the company's stock after selling 397,021 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.09% of RTX worth $1,933,535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bay Capital Advisors LLC bought a new stake in shares of RTX in the first quarter valued at about $224,000. Dynamic Advisor Solutions LLC grew its stake in RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after buying an additional 2,686 shares in the last quarter. Deutsche Bank AG grew its stake in RTX by 46.0% during the fourth 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 in the last quarter. LBP AM SA grew its stake in RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after buying an additional 41,990 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after buying an additional 5,356 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RTX shares. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their price objective for the stock 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 research note on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.28.

RTX Trading Up 0.8%

NYSE RTX traded up $1.14 during trading hours on Thursday, reaching $151.31. The company's stock had a trading volume of 1,648,558 shares, compared to its average volume of 5,265,181. The firm has a fifty day simple moving average of $140.44 and a 200-day simple moving average of $130.98. The stock has a market cap of $202.14 billion, a P/E ratio of 44.36, a P/E/G ratio of 2.76 and a beta of 0.64. RTX Corporation has a 52 week low of $102.62 and a 52 week high of $151.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

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, beating analysts' consensus estimates of $1.35 by $0.12. The business 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%. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.80%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the 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 sale, the vice president owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

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.