RTX Co. (NYSE:RTX) Shares Bought by NBC Securities Inc.

NBC Securities Inc. grew its position in shares of RTX Co. (NYSE:RTX - Free Report) by 159,475.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,766 shares of the company's stock after purchasing an additional 12,758 shares during the quarter. NBC Securities Inc.'s holdings in RTX were worth $1,690,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. LaFleur & Godfrey LLC raised its position in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after purchasing an additional 900 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares during the period. Clear Creek Financial Management LLC grew its holdings in shares of RTX by 17.1% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,555 shares of the company's stock worth $296,000 after buying an additional 374 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in RTX by 3.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 9,655 shares of the company's stock valued at $1,119,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. Citigroup decreased their price objective on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Susquehanna cut their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, RTX presently has an average rating of "Buy" and a consensus target price of $159.82.

Insiders Place Their Bets

In related news, 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 transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

RTX traded up $0.44 during midday trading on Thursday, reaching $138.99. 3,494,621 shares of the company's stock were exchanged, compared to its average volume of 5,345,386. RTX Co. has a 1-year low of $99.07 and a 1-year high of $139.37. The stock has a market capitalization of $185.68 billion, a PE ratio of 39.15, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business's 50-day moving average price is $129.37 and its 200 day moving average price is $125.48.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results 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. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. As a group, equities analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.96%. RTX's payout ratio is 79.77%.

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.