RTX Corporation (NYSE:RTX) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 34.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,089 shares of the company's stock after selling 8,865 shares during the quarter. RTX accounts for 1.1% of Autumn Glory Partners LLC's holdings, making the stock its 24th biggest position. Autumn Glory Partners LLC's holdings in RTX were worth $2,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of RTX in the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management boosted its holdings in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new stake in RTX during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in RTX during the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX 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 sale, the vice president now owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a report on Wednesday, April 23rd. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. UBS Group lifted their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $159.82.

RTX Stock Performance

NYSE:RTX opened at $145.81 on Thursday. The company's 50-day moving average price is $132.69 and its 200-day moving average price is $127.04. 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 company has a market cap of $194.80 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.68 and a beta of 0.63. RTX Corporation has a twelve month low of $99.07 and a twelve month high of $149.26.

RTX (NYSE:RTX - Get Free Report) last posted 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. The firm had revenue of $20.31 billion for 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%. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were paid 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 dividend on an annualized basis and a yield of 1.87%. RTX's payout ratio is 79.77%.

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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