Venture Visionary Partners LLC Has $24.52 Million Holdings in RTX Corporation $RTX

Key Points

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Venture Visionary Partners LLC lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,124 shares of the company's stock after purchasing an additional 3,623 shares during the quarter. RTX accounts for 1.0% of Venture Visionary Partners LLC's portfolio, making the stock its 19th largest position. Venture Visionary Partners LLC's holdings in RTX were worth $24,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of RTX by 10.6% during the fourth quarter. First Trust Advisors LP now owns 601,957 shares of the company's stock worth $69,658,000 after purchasing an additional 57,689 shares during the last quarter. Capital World Investors bought a new stake in shares of RTX during the fourth quarter worth $69,807,000. Finally, MML Investors Services LLC grew its holdings in shares of RTX by 3.3% during the fourth quarter. MML Investors Services LLC now owns 387,638 shares of the company's stock worth $44,857,000 after purchasing an additional 12,368 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock worth $7,126,389 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

RTX Stock Performance

Shares of NYSE RTX opened at $155.56 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The stock has a 50 day moving average of $149.83 and a 200-day moving average of $136.71. The company has a market capitalization of $208.22 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.84 and a beta of 0.69.

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

RTX Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RTX shares. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.67.

RTX Company 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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