Penserra Capital Management LLC Boosts Stock Position in RTX Corporation (NYSE:RTX)

Penserra Capital Management LLC grew its holdings in RTX Corporation (NYSE:RTX - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 156,015 shares of the company's stock after purchasing an additional 43,337 shares during the quarter. Penserra Capital Management LLC's holdings in RTX were worth $20,664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Traveka Wealth LLC increased its position in shares of RTX by 3.5% during the 1st quarter. Traveka Wealth LLC now owns 2,886 shares of the company's stock worth $382,000 after purchasing an additional 97 shares in the last quarter. Pure Portfolios Holdings LLC increased its position in RTX by 2.1% in the 1st quarter. Pure Portfolios Holdings LLC now owns 4,703 shares of the company's stock valued at $623,000 after acquiring an additional 98 shares in the last quarter. Rice Partnership LLC lifted its position in shares of RTX by 14.4% during the first quarter. Rice Partnership LLC now owns 87,495 shares of the company's stock worth $11,590,000 after purchasing an additional 11,034 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of RTX during the first quarter valued at approximately $54,000. Finally, Argentarii LLC bought a new position in RTX in the 1st quarter valued at $210,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on 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 owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of RTX 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 transaction, the vice president 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. Corporate insiders own 0.15% of the company's stock.

RTX Trading Down 0.0%

RTX stock traded down $0.02 during midday trading on Monday, hitting $145.73. The stock had a trading volume of 1,032,042 shares, compared to its average volume of 5,328,098. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $137.24 and a two-hundred day moving average price of $129.46. RTX Corporation has a 1-year low of $99.42 and a 1-year high of $149.26. The firm has a market cap of $194.69 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.87%. RTX's payout ratio is 79.77%.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Royal Bank Of Canada dropped their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.12.

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.