Foundry Partners LLC Purchases 14,324 Shares of RTX Corporation (NYSE:RTX)

Foundry Partners LLC grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 115,007 shares of the company's stock after acquiring an additional 14,324 shares during the period. Foundry Partners LLC's holdings in RTX were worth $15,234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $26,000. 10Elms LLP purchased a new position in shares of RTX in the 4th quarter valued at $29,000. Greenline Partners LLC acquired a new stake in RTX during the 4th quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in RTX during the 4th quarter worth $39,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in RTX during the 4th quarter worth $43,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the 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 transaction, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Amy L. Johnson sold 4,146 shares of the 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 transaction, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX traded up $0.18 during midday trading on Friday, hitting $151.68. 5,922,284 shares of the stock traded hands, compared to its average volume of 5,272,943. RTX Corporation has a 1-year low of $102.62 and a 1-year high of $152.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market capitalization of $202.64 billion, a PE ratio of 44.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The business's 50 day moving average price is $141.35 and its two-hundred day moving average price is $131.59.

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, beating analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.79%. RTX's dividend payout ratio is 79.77%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Royal Bank Of Canada dropped their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Citigroup lifted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Finally, UBS Group raised their target price 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. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.28.

RTX Company 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.