RTX Co. (NYSE:RTX) is Steigerwald Gordon & Koch Inc.'s 9th Largest Position

Steigerwald Gordon & Koch Inc. lowered its position in shares of RTX Co. (NYSE:RTX - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,198 shares of the company's stock after selling 2,196 shares during the quarter. RTX accounts for approximately 2.8% of Steigerwald Gordon & Koch Inc.'s investment portfolio, making the stock its 9th biggest holding. Steigerwald Gordon & Koch Inc.'s holdings in RTX were worth $25,326,000 at the end of the most recent quarter.

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

Insider Activity

In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale 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 company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 16,538 shares of the company's stock, valued at $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. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of a number of research reports. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a report on Wednesday, April 23rd. Susquehanna lowered their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. UBS Group lifted their price target on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $159.82.

RTX Price Performance

Shares of RTX traded up $0.44 during mid-day trading on Thursday, reaching $138.99. 3,508,986 shares of the stock traded hands, compared to its average volume of 5,354,252. The firm has a fifty day moving average price of $129.50 and a 200 day moving average price of $125.61. The company has a market cap of $185.68 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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.

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 firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's payout ratio is 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.