RTX Co. (NYSE:RTX) Shares Sold by F&V Capital Management LLC

F&V Capital Management LLC lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,664 shares of the company's stock after selling 2,965 shares during the quarter. RTX comprises about 5.2% of F&V Capital Management LLC's holdings, making the stock its 2nd biggest holding. F&V Capital Management LLC's holdings in RTX were worth $20,222,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after acquiring an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC raised its holdings in RTX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after acquiring an additional 1,000,722 shares in the last quarter. Fisher Asset Management LLC raised its holdings in RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after acquiring an additional 576,214 shares in the last quarter. Franklin Resources Inc. increased its stake in RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after purchasing an additional 603,159 shares during the last quarter. Finally, Norges Bank purchased a new position in RTX in the fourth quarter valued at approximately $1,745,644,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on RTX. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a research note on Friday, April 25th. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $159.82.

RTX Stock Performance

Shares of RTX traded up $4.49 during mid-day trading on Friday, reaching $145.47. 11,752,057 shares of the company's stock 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. The business's fifty day simple moving average is $130.91 and its 200-day simple moving average is $126.33. RTX Co. has a 52-week low of $99.07 and a 52-week high of $149.94. The stock has a market capitalization of $194.34 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a dividend of $0.68 per share. The ex-dividend date was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents 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 at this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated 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 sale, the vice president now owns 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

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.