OneDigital Investment Advisors LLC Sells 2,716 Shares of RTX Corporation (NYSE:RTX)

OneDigital Investment Advisors LLC decreased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 8.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,741 shares of the company's stock after selling 2,716 shares during the quarter. OneDigital Investment Advisors LLC's holdings in RTX were worth $3,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new position in shares of RTX during the 1st quarter worth $26,000. 10Elms LLP bought a new position in shares of RTX during the 4th quarter worth $29,000. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter worth $31,000. Picton Mahoney Asset Management lifted its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Finally, Greenline Partners LLC purchased a new stake in RTX during the 4th quarter worth about $34,000. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded up $1.28 during trading hours on Friday, reaching $145.80. 1,888,713 shares of the stock traded hands, compared to its average volume of 5,345,078. The company has a market capitalization of $194.78 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52-week low of $99.42 and a 52-week high of $149.26. The company's 50-day simple moving average is $137.24 and its two-hundred day simple moving average is $129.37.

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, beating analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.87%. RTX's dividend payout ratio is 79.77%.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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. The trade was 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. UBS Group increased their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Citigroup dropped their price objective on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Four 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $161.12.

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.