RTX Co. (NYSE:RTX) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lifted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,524 shares of the company's stock after acquiring an additional 1,818 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in RTX were worth $16,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 10Elms LLP bought a new position in RTX during the 4th quarter worth about $29,000. Fairway Wealth LLC bought a new stake in shares of RTX in the 4th quarter valued at about $31,000. Picton Mahoney Asset Management lifted its position in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the period. Greenline Partners LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new position in RTX during the fourth quarter valued at approximately $39,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company'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 transaction, the executive vice president now directly owns 16,538 shares of the company's stock, valued at approximately $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 can be accessed through this link. 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 in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Up 3.2%

Shares of RTX traded up $4.49 during midday trading on Friday, reaching $145.47. The company had a trading volume of 11,752,057 shares, compared to its average volume of 5,398,595. RTX Co. has a 1-year low of $99.07 and a 1-year high of $149.94. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a 50 day simple moving average of $131.41 and a 200-day simple moving average of $126.50. The stock has a market cap of $194.34 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. RTX's payout ratio is 79.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RTX. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Citigroup cut their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Three investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $159.82.

About RTX

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.