Keybank National Association OH Sells 11,284 Shares of RTX Corporation (NYSE:RTX)

Keybank National Association OH trimmed its stake in RTX Corporation (NYSE:RTX - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 668,582 shares of the company's stock after selling 11,284 shares during the quarter. Keybank National Association OH owned approximately 0.05% of RTX worth $88,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bay Capital Advisors LLC acquired a new position in RTX during the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC raised its holdings in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the last quarter. Deutsche Bank AG boosted its position in shares of RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after buying an additional 936,953 shares during the period. Occudo Quantitative Strategies LP bought a new position in RTX in the 4th quarter worth approximately $3,356,000. Finally, Thoroughbred Financial Services LLC increased its position in RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after acquiring an additional 7,987 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.2%

Shares of RTX traded up $0.32 during midday trading on Wednesday, hitting $144.51. The stock had a trading volume of 3,252,481 shares, compared to its average volume of 5,360,937. RTX Corporation has a fifty-two week low of $99.07 and a fifty-two week high of $149.26. The business has a 50-day simple moving average of $135.87 and a two-hundred day simple moving average of $128.77. 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 firm has a market cap of $193.06 billion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.88%. RTX's dividend payout ratio is currently 79.77%.

Insider Activity

In other news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RTX. Citigroup decreased their price target on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research report on Friday, April 25th. Royal Bank Of Canada dropped their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group increased their price objective on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Finally, Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. 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. According to MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average target price of $161.12.

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.