SBI Securities Co. Ltd. Has $1.90 Million Stock Holdings in RTX Corporation (NYSE:RTX)

SBI Securities Co. Ltd. lessened its position in RTX Corporation (NYSE:RTX - Free Report) by 13.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,360 shares of the company's stock after selling 2,252 shares during the period. SBI Securities Co. Ltd.'s holdings in RTX were worth $1,902,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of RTX by 65.5% in the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock valued at $1,043,000 after buying an additional 3,568 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of RTX by 0.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 81,470 shares of the company's stock valued at $9,428,000 after buying an additional 664 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 0.0%

Shares of RTX stock traded up $0.07 on Friday, reaching $151.57. 3,493,263 shares of the company were exchanged, compared to its average volume of 5,268,394. RTX Corporation has a one year low of $102.62 and a one year high of $152.84. The company has a market capitalization of $202.49 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 2.79 and a beta of 0.64. 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 50-day moving average of $140.89 and a 200 day moving average of $131.23.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.79%. RTX's dividend payout ratio is currently 79.77%.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on 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 owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada dropped 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. Morgan Stanley boosted their price objective on RTX from $135.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average target price of $164.28.

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.