Thomasville National Bank Acquires 2,771 Shares of RTX Co. (NYSE:RTX)

Thomasville National Bank increased its stake in RTX Co. (NYSE:RTX - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,190 shares of the company's stock after purchasing an additional 2,771 shares during the quarter. RTX makes up 2.0% of Thomasville National Bank's investment portfolio, making the stock its 14th largest holding. Thomasville National Bank's holdings in RTX were worth $27,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service lifted its position in shares of RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after purchasing an additional 375,781 shares in the last quarter. Deutsche Bank AG lifted its position in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after buying an additional 936,953 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of RTX during the 4th quarter valued at $3,356,000. Thoroughbred Financial Services LLC grew its holdings in shares of RTX by 43.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after acquiring an additional 7,987 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of RTX by 6.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company's stock worth $65,278,000 after acquiring an additional 32,024 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Cowen restated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Royal Bank of Canada dropped their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company lifted their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Three equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $159.82.

RTX Price Performance

Shares of NYSE:RTX traded up $4.49 during trading on Friday, reaching $145.47. 11,752,057 shares of the company traded hands, compared to its average volume of 5,398,595. 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 52 week low of $99.07 and a 52 week high of $149.94. The firm has a market capitalization of $194.34 billion, a PE ratio of 40.98, a PEG ratio of 2.11 and a beta of 0.63. The company's 50 day moving average is $130.91 and its two-hundred day moving average is $126.33.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. As a group, sell-side 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 was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now directly owns 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 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.