RTX Corporation (NYSE:RTX) Holdings Lifted by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. raised its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,966 shares of the company's stock after acquiring an additional 10,619 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in RTX were worth $11,785,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. purchased a new stake in shares of RTX during the first quarter worth about $23,350,000. Seascape Capital Management purchased a new stake in shares of RTX during the first quarter worth about $3,375,000. World Investment Advisors increased its position in shares of RTX by 4.0% during the first quarter. World Investment Advisors now owns 53,311 shares of the company's stock worth $7,062,000 after acquiring an additional 2,027 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of RTX during the first quarter worth about $60,000. Finally, Strategic Blueprint LLC increased its position in shares of RTX by 1.8% during the first quarter. Strategic Blueprint LLC now owns 8,383 shares of the company's stock worth $1,110,000 after acquiring an additional 148 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RTX shares. UBS Group lifted their target price on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.12.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company'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 completion of the sale, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company'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 value of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded up $1.28 during midday trading on Friday, hitting $145.80. 1,888,713 shares of the company's stock were exchanged, compared to its average volume of 5,345,078. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock's 50 day moving average price is $137.24 and its 200-day moving average price is $129.26. The firm has a market cap of $194.78 billion, a P/E ratio of 24.83, a PEG ratio of 2.63 and a beta of 0.64. RTX Corporation has a twelve month low of $99.42 and a twelve month high of $149.26.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. RTX's dividend payout ratio (DPR) 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.