North Capital Inc. Takes $314,000 Position in RTX Corporation (NYSE:RTX)

North Capital Inc. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,371 shares of the company's stock, valued at approximately $314,000.

A number of other large investors have also recently made changes to their positions in the company. LaFleur & Godfrey LLC lifted its stake in shares of RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after acquiring an additional 900 shares during the period. Brighton Jones LLC increased its holdings in 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 in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of RTX by 47.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,922 shares of the company's stock worth $338,000 after acquiring an additional 939 shares during the period. Finally, Cypress Capital Group lifted its holdings in shares of RTX by 6.4% in the fourth quarter. Cypress Capital Group now owns 40,857 shares of the company's stock valued at $4,728,000 after purchasing an additional 2,461 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on RTX shares. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a research note on Friday, April 25th. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup cut their price target on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Finally, UBS Group upped 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. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.12.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated 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 sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

RTX Stock Up 0.9%

NYSE RTX traded up $1.28 during mid-day trading on Thursday, reaching $145.80. 1,888,713 shares of the company's stock traded hands, compared to its average volume of 5,348,312. The company has a fifty day simple moving average of $136.35 and a 200-day simple moving average of $128.88. RTX Corporation has a 1-year low of $99.42 and a 1-year high of $149.26. The company has a market cap of $194.78 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.61 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 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. The company 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%. As a group, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.87%. RTX's dividend payout ratio (DPR) is 79.77%.

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.