RTX Corporation (NYSE:RTX) Shares Acquired by St. Louis Trust Co

St. Louis Trust Co increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,149 shares of the company's stock after buying an additional 2,153 shares during the period. St. Louis Trust Co's holdings in RTX were worth $1,344,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new position in RTX during the 1st quarter valued at about $26,000. 10Elms LLP purchased a new position in RTX during the 4th quarter valued at about $29,000. Greenline Partners LLC purchased a new position in RTX during the 4th quarter valued at about $34,000. Millstone Evans Group LLC purchased a new position in RTX during the 4th quarter valued at about $39,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in RTX during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.1%

Shares of NYSE RTX traded up $0.18 during midday trading on Friday, reaching $151.68. 5,922,284 shares of the stock were exchanged, compared to its average volume of 5,272,943. The company has a 50 day simple moving average of $141.35 and a 200 day simple moving average of $131.59. RTX Corporation has a twelve month low of $102.62 and a twelve month high of $152.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market capitalization of $202.64 billion, a P/E ratio of 44.48, a PEG ratio of 2.82 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last posted its 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 company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.79%. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RTX shares. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a report on Friday, April 25th. Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein set a $154.00 target price on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $164.28.

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.