RTX Corporation (NYSE:RTX) Shares Purchased by Bank of Jackson Hole Trust

Key Points

• Bank of Jackson Hole Trust increased its holdings in RTX Corporation by 126.3% in the first quarter, owning 3,705 shares worth $493,000.
• Insiders reported selling a total of 31,234 shares valued at approximately $4.44 million over the last ninety days.
• RTX Corporation announced a quarterly dividend of $0.68 per share, to be paid on September 4th, representing a 1.7% dividend yield.

Bank of Jackson Hole Trust increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 126.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,705 shares of the company's stock after purchasing an additional 2,068 shares during the period. Bank of Jackson Hole Trust's holdings in RTX were worth $493,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter worth $26,000. 10Elms LLP acquired a new stake in shares of RTX in the 4th quarter worth $29,000. Greenline Partners LLC acquired a new stake in shares of RTX in the fourth quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of RTX in the fourth quarter valued at about $43,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of RTX in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was 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 directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,234 shares of company stock worth $4,439,755 over the last ninety days. Insiders own 0.15% of the company's stock.

RTX Stock Down 0.6%

RTX stock opened at $157.51 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79. The firm has a fifty day moving average price of $145.20 and a two-hundred day moving average price of $133.94. The firm has a market cap of $210.83 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.92 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research note on Friday, April 25th. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Bank of America raised their target price on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Cowen restated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.67.

RTX Profile

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.

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