S.E.E.D. Planning Group LLC Trims Stake in RTX Co. (NYSE:RTX)

S.E.E.D. Planning Group LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,085 shares of the company's stock after selling 5,325 shares during the quarter. S.E.E.D. Planning Group LLC's holdings in RTX were worth $2,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in RTX during the fourth quarter worth about $29,000. Fairway Wealth LLC bought a new stake in RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management lifted its stake in RTX by 2,944.4% during the fourth 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 last quarter. Greenline Partners LLC bought a new stake in RTX during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in RTX during the fourth quarter worth about $39,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target for the company in a research note on Wednesday, April 23rd. Wall Street Zen raised RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research note on Friday, April 25th. Finally, Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $159.82.

RTX Trading Up 1.2%

Shares of NYSE RTX traded up $1.63 during midday trading on Friday, reaching $136.43. The company had a trading volume of 8,195,041 shares, compared to its average volume of 5,387,384. The firm's fifty day moving average price is $129.09 and its 200-day moving average price is $125.12. The stock has a market cap of $182.26 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a one year low of $99.07 and a one year high of $138.82.

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

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be 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 of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.99%. RTX's dividend payout ratio is presently 79.77%.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company's 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 transaction, the vice president now owns 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

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.