ORG Partners LLC lessened its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 81.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 415 shares of the company's stock after selling 1,786 shares during the period. ORG Partners LLC's holdings in RTX were worth $55,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new stake in RTX during the 1st quarter valued at $60,000. DecisionMap Wealth Management LLC raised its position in RTX by 3.4% during the first quarter. DecisionMap Wealth Management LLC now owns 5,242 shares of the company's stock valued at $694,000 after buying an additional 171 shares during the period. Blue Trust Inc. lifted its stake in RTX by 4.0% in the 1st quarter. Blue Trust Inc. now owns 24,876 shares of the company's stock worth $3,295,000 after acquiring an additional 963 shares in the last quarter. CLG LLC boosted its position in RTX by 2.3% during the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after acquiring an additional 83 shares during the period. Finally, Matthew Goff Investment Advisor LLC grew its stake in RTX by 2.9% during the 1st quarter. Matthew Goff Investment Advisor LLC now owns 74,829 shares of the company's stock valued at $9,912,000 after acquiring an additional 2,131 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Stock Up 1.0%
Shares of RTX traded up $1.36 during trading hours on Thursday, hitting $142.74. 5,407,422 shares of the company were exchanged, compared to its average volume of 5,390,772. 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 company has a market cap of $190.69 billion, a PE ratio of 41.86, a PEG ratio of 2.56 and a beta of 0.63. The firm's 50 day moving average is $134.55 and its 200-day moving average is $128.11. RTX Corporation has a 52 week low of $99.07 and a 52 week high of $149.26.
RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.71% and a net margin of 5.63%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS 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 given a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.91%. RTX's payout ratio is currently 79.77%.
Insider Activity
In related news, 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 transaction of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX 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 completion of the transaction, the executive vice president now directly owns 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 disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.
Analyst Ratings Changes
RTX has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Susquehanna dropped their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. Finally, Citigroup cut their price objective on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus price target of $161.12.
Read Our Latest Analysis on RTX
RTX Profile
(
Free Report)
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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