RTX Corporation (NYSE:RTX) Stake Lifted by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in RTX Corporation by 0.5%, acquiring a total of 1,358,625 shares valued at approximately $180 million.
• Insider selling has been notable, with a VP and EVP each reducing their shareholdings significantly, resulting in a 31,234 shares sold worth over $4.4 million in the last ninety days.
• Several analysts have upgraded their ratings on RTX, with price targets ranging from $129 to $180, reflecting a generally optimistic outlook for the company.

Natixis Advisors LLC boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358,625 shares of the company's stock after buying an additional 7,305 shares during the quarter. Natixis Advisors LLC owned 0.10% of RTX worth $179,963,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter worth $26,000. 10Elms LLP acquired a new position in RTX in the 4th quarter worth $29,000. Greenline Partners LLC acquired a new position in RTX in the 4th quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new position in RTX in the 4th quarter worth $43,000. Finally, Capital A Wealth Management LLC acquired a new position in RTX in the 4th quarter worth $45,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.65 during trading on Friday, reaching $156.92. 4,418,299 shares of the company's stock traded hands, compared to its average volume of 4,749,872. 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 Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The company has a 50 day moving average of $145.20 and a 200-day moving average of $133.94. The stock has a market capitalization of $210.04 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.90 and a beta of 0.68.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared 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 dividend yield of 1.7%. RTX's payout ratio is currently 59.78%.

Analyst Ratings Changes

RTX has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a "market perform" rating in a report on Friday, July 11th. Barclays lifted their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Activity

In other RTX 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 value of $2,328,805.64. Following the sale, the executive vice president owned 16,538 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,234 shares of company stock worth $4,439,755 over the last ninety days. 0.15% of the stock is owned by company insiders.

RTX 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.