Osprey Private Wealth LLC Raises Stock Position in RTX Co. (NYSE:RTX)

Osprey Private Wealth LLC raised its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 34.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,215 shares of the company's stock after purchasing an additional 4,685 shares during the period. Osprey Private Wealth LLC's holdings in RTX were worth $2,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Verity & Verity LLC increased its position in RTX by 0.3% during the 1st quarter. Verity & Verity LLC now owns 241,005 shares of the company's stock valued at $31,924,000 after purchasing an additional 772 shares during the period. NorthCrest Asset Manangement LLC increased its position in RTX by 1.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 221,298 shares of the company's stock valued at $29,313,000 after purchasing an additional 3,767 shares during the period. Liberty Capital Management Inc. increased its position in RTX by 1.1% during the 1st quarter. Liberty Capital Management Inc. now owns 36,524 shares of the company's stock valued at $4,838,000 after purchasing an additional 383 shares during the period. Thomasville National Bank increased its position in RTX by 1.3% during the 1st quarter. Thomasville National Bank now owns 211,190 shares of the company's stock valued at $27,974,000 after purchasing an additional 2,771 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new position in RTX during the 1st quarter valued at about $1,662,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

NYSE:RTX traded up $4.49 during trading hours on Friday, hitting $145.47. 11,752,057 shares of the company were exchanged, compared to its average volume of 5,398,595. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 52-week low of $99.07 and a 52-week high of $149.94. The company's 50 day moving average price is $130.91 and its 200-day moving average price is $126.33. The stock has a market capitalization of $194.34 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.87%. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. RTX's payout ratio is presently 79.77%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president now owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This 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.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Susquehanna reduced their price target on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $159.82.

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.