Morningstar Investment Services LLC Has $1.33 Million Position in RTX Corporation (NYSE:RTX)

Morningstar Investment Services LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 46.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,002 shares of the company's stock after selling 8,581 shares during the period. Morningstar Investment Services LLC's holdings in RTX were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. 1620 Investment Advisors Inc. grew its stake in shares of RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after buying an additional 79 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its holdings in RTX by 1.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after purchasing an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in RTX by 2.1% in the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after purchasing an additional 82 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after purchasing an additional 82 shares during the last quarter. Finally, CLG LLC boosted its holdings in RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

NYSE:RTX traded up $0.18 during mid-day trading on Friday, hitting $151.68. 5,922,284 shares of the company's stock traded hands, compared to its average volume of 5,272,943. The firm has a 50 day moving average of $141.35 and a two-hundred day moving average of $131.59. RTX Corporation has a 12 month low of $102.62 and a 12 month high of $152.85. The firm has a market capitalization of $202.64 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last announced 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. RTX had a return on equity of 12.71% and a net margin of 5.63%. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.79%. RTX's payout ratio is 79.77%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Wells Fargo & Company raised their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. The Goldman Sachs Group raised their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Royal Bank Of Canada lowered their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their target price on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $164.28.

Insiders Place Their Bets

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value 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. This trade represents a 30.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 owned 16,538 shares in the company, valued at $2,275,959.56. This 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 currently owned by company 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.