RTX Corporation (NYSE:RTX) Shares Sold by one8zero8 LLC

Key Points

• one8zero8 LLC has reduced its holdings in RTX Corporation by 5.7% in the first quarter, owning 31,707 shares valued at approximately $4.20 million.
• RTX Corporation reported $1.56 EPS for the most recent quarter, surpassing analysts' estimates, with revenues of $21.58 billion, reflecting a 9.4% year-over-year increase.
• The company declared a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.73%, with shares to be paid on September 4th.

one8zero8 LLC lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,707 shares of the company's stock after selling 1,915 shares during the period. RTX makes up approximately 1.0% of one8zero8 LLC's holdings, making the stock its 21st largest holding. one8zero8 LLC's holdings in RTX were worth $4,200,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter worth approximately $26,000. 10Elms LLP purchased a new stake in shares of RTX in the 4th quarter worth approximately $29,000. Greenline Partners LLC purchased a new stake in shares of RTX in the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX in the 4th quarter worth approximately $43,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of RTX in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 0.5%

RTX stock traded down $0.82 during midday trading on Monday, hitting $156.06. The stock had a trading volume of 4,022,106 shares, compared to its average volume of 4,686,952. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $157.33. The company's 50-day moving average price is $143.86 and its 200 day moving average price is $133.33. The firm has a market cap of $208.89 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the previous year, the company earned $1.41 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.74%. RTX's payout ratio is 59.78%.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction 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 transaction, 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. Over the last 90 days, insiders have sold 31,234 shares of company stock worth $4,439,755. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada restated 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. Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.69.

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.