Moloney Securities Asset Management LLC Sells 2,093 Shares of RTX Corporation (NYSE:RTX)

Moloney Securities Asset Management LLC cut its holdings in RTX Corporation (NYSE:RTX - Free Report) by 16.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,705 shares of the company's stock after selling 2,093 shares during the period. Moloney Securities Asset Management LLC's holdings in RTX were worth $1,418,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new position in RTX during the 1st quarter valued at about $26,000. 10Elms LLP acquired a new position in RTX during the 4th quarter valued at about $29,000. 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 during the period. Greenline Partners LLC acquired a new position in RTX during the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX during the 4th quarter valued at about $39,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 0.3%

RTX stock traded up $0.40 during midday trading on Friday, reaching $146.80. The stock had a trading volume of 3,468,750 shares, compared to its average volume of 5,283,474. The firm's fifty day simple moving average is $139.16 and its two-hundred day simple moving average is $130.49. RTX Corporation has a twelve month low of $101.52 and a twelve month high of $149.26. 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 firm has a market cap of $196.12 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 2.73 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm 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 anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.85%. RTX's dividend payout ratio is presently 79.77%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RTX. JPMorgan Chase & Co. dropped their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Royal Bank Of Canada dropped their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.12.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm's 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 transaction, the executive vice president owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the firm'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 transaction, the vice president directly owned 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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.