RTX Co. (NYSE:RTX) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. trimmed its position in shares of RTX Co. (NYSE:RTX - Free Report) by 27.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,469 shares of the company's stock after selling 4,254 shares during the period. ST Germain D J Co. Inc.'s holdings in RTX were worth $1,519,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in RTX by 14.4% in the first quarter. Merit Financial Group LLC now owns 72,919 shares of the company's stock valued at $9,659,000 after buying an additional 9,151 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of RTX by 3.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 14,089 shares of the company's stock valued at $1,866,000 after acquiring an additional 435 shares during the last quarter. Milestone Asset Management LLC raised its position in shares of RTX by 2.9% during the 1st quarter. Milestone Asset Management LLC now owns 4,650 shares of the company's stock worth $616,000 after acquiring an additional 131 shares in the last quarter. Hummer Financial Advisory Services Inc purchased a new stake in RTX during the first quarter worth approximately $894,000. Finally, Arlington Financial Advisors LLC acquired a new position in RTX in the first quarter valued at approximately $267,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $159.82.

Insider Buying and Selling at RTX

In related 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 value of $528,780.84. Following the sale, the vice president now owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of RTX traded up $0.44 during mid-day trading on Thursday, hitting $138.99. The company's stock had a trading volume of 3,508,986 shares, compared to its average volume of 5,345,434. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $99.07 and a 1-year high of $139.37. The firm has a market capitalization of $185.68 billion, a P/E ratio of 39.15, a P/E/G ratio of 2.11 and a beta of 0.60. The firm has a 50-day simple moving average of $129.37 and a 200 day simple moving average of $125.48.

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

RTX Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.96%. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is presently 79.77%.

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.