Mutual Advisors LLC Cuts Position in RTX Corporation (NYSE:RTX)

Mutual Advisors LLC lowered its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,754 shares of the company's stock after selling 7,962 shares during the quarter. Mutual Advisors LLC's holdings in RTX were worth $4,102,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Resonant Capital Advisors LLC raised its position in RTX by 4.8% in the first quarter. Resonant Capital Advisors LLC now owns 9,499 shares of the company's stock valued at $1,258,000 after purchasing an additional 433 shares during the period. MontVue Capital Management Inc. acquired a new stake in shares of RTX in the first quarter valued at about $215,000. Global Strategic Investment Solutions LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $201,000. Capital Investment Counsel Inc lifted its position in RTX by 9.9% during the 1st quarter. Capital Investment Counsel Inc now owns 30,257 shares of the company's stock worth $4,008,000 after acquiring an additional 2,734 shares in the last quarter. Finally, Revisor Wealth Management LLC purchased a new position in RTX in the 1st quarter worth approximately $253,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.9%

NYSE RTX opened at $145.80 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $99.42 and a one year high of $149.26. The company has a 50-day simple moving average of $136.83 and a 200-day simple moving average of $129.07. The firm has a market capitalization of $194.78 billion, a PE ratio of 42.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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 firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. RTX's payout ratio is currently 79.77%.

Analyst Ratings Changes

RTX has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Susquehanna dropped their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut 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. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $161.12.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction dated Tuesday, May 6th. The stock was 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 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 disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

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.

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