Tributary Capital Management LLC Has $643,000 Position in RTX Corporation (NYSE:RTX)

Tributary Capital Management LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 31.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,857 shares of the company's stock after selling 2,237 shares during the period. Tributary Capital Management LLC's holdings in RTX were worth $643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. raised its position in shares of RTX by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after acquiring an additional 79 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its position in shares of RTX by 1.7% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after acquiring an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of RTX by 2.1% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after acquiring an additional 82 shares in the last quarter. Weatherly Asset Management L. P. raised its position in shares of RTX by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after acquiring an additional 82 shares in the last quarter. Finally, CLG LLC raised its position in shares of RTX by 2.3% in the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RTX. Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Wells Fargo & Company upped their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday. Finally, UBS Group increased their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.28.

RTX Stock Up 1.0%

RTX traded up $1.53 during trading hours on Thursday, reaching $151.70. 4,325,793 shares of the stock traded hands, compared to its average volume of 5,274,857. The firm's fifty day simple moving average is $140.89 and its two-hundred day simple moving average is $131.23. The company has a market cap of $202.66 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $102.62 and a fifty-two week high of $151.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. As a group, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.79%. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Transactions at RTX

In other 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 value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX 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 completion of the transaction, the executive vice president directly 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 currently owned by 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.