Torray Investment Partners LLC Takes $224,000 Position in RTX Corporation (NYSE:RTX)

Key Points

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Torray Investment Partners LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,689 shares of the company's stock, valued at approximately $224,000.

A number of other large investors have also added to or reduced their stakes in RTX. Bay Capital Advisors LLC bought a new position in RTX during the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC raised its holdings in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC bought a new position in RTX during the 1st quarter worth approximately $1,288,000. Deutsche Bank AG raised its holdings in RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Finally, LBP AM SA raised its holdings in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,234 shares of company stock valued at $4,439,755. 0.15% of the stock is currently owned by insiders.

RTX Price Performance

RTX opened at $158.51 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market capitalization of $212.17 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 2.89 and a beta of 0.64. The firm's fifty day moving average price is $144.73 and its two-hundred day moving average price is $133.67. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $158.79.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.72%. RTX's dividend payout ratio is currently 59.78%.

Analyst Ratings Changes

Several analysts have recently weighed in on RTX shares. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Wednesday, May 14th. Finally, Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Six equities research 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.67.

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.

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