RTX Co. (NYSE:RTX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,326,503 shares of the company's stock after selling 9,935 shares during the quarter. Rhumbline Advisers owned about 0.17% of RTX worth $308,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC increased its position in shares of RTX by 0.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after acquiring an additional 900 shares during the last quarter. Brighton Jones LLC grew its position 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 purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in shares of RTX by 108.5% in the fourth quarter. Mediolanum International Funds Ltd now owns 61,290 shares of the company's stock valued at $7,044,000 after acquiring an additional 31,890 shares during the period. Finally, Austin Private Wealth LLC grew its stake in RTX by 13.9% during the fourth quarter. Austin Private Wealth LLC now owns 4,531 shares of the company's stock valued at $524,000 after acquiring an additional 552 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTX. Wells Fargo & Company raised their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. UBS Group lifted their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Three 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 stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $159.82.

Insider Buying and Selling at RTX

In related news, 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 transaction of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

RTX Stock Up 0.3%

RTX stock traded up $0.38 during mid-day trading on Thursday, reaching $138.93. The company had a trading volume of 881,398 shares, compared to its average volume of 5,335,169. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $139.37. The company has a market capitalization of $185.60 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a fifty day simple moving average of $129.37 and a 200 day simple moving average of $125.48.

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 business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

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