RTX Corporation (NYSE:RTX) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc cut its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,872 shares of the company's stock after selling 2,621 shares during the period. RTX makes up about 1.2% of Stiles Financial Services Inc's investment portfolio, making the stock its 21st largest holding. Stiles Financial Services Inc's holdings in RTX were worth $3,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. LaFleur & Godfrey LLC boosted its position in shares of RTX by 0.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after buying an additional 900 shares during the period. Brighton Jones LLC lifted its position in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. Sigma Planning Corp increased its position in shares of RTX by 1.0% during the 4th quarter. Sigma Planning Corp now owns 31,012 shares of the company's stock valued at $3,589,000 after purchasing an additional 294 shares during the period. Finally, Pinnacle Financial Partners Inc raised its stake in shares of RTX by 2.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 29,129 shares of the company's stock worth $3,403,000 after buying an additional 633 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.6%

Shares of NYSE RTX opened at $146.75 on Monday. RTX Corporation has a one year low of $99.07 and a one year high of $149.66. The firm has a market capitalization of $196.05 billion, a PE ratio of 43.04, a PEG ratio of 2.65 and a beta of 0.63. 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 50-day moving average price of $133.43 and a two-hundred day moving average price of $127.54.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 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 analyst estimates of $19.80 billion. As a group, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend 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 dividend yield of 1.85%. RTX's dividend payout ratio (DPR) is 79.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RTX shares. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank Of Canada cut their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a report on Wednesday, May 14th. Susquehanna cut their price objective on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.82.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was 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 of the company's stock, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

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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