Verdence Capital Advisors LLC Acquires 3,689 Shares of RTX Corporation (NYSE:RTX)

Verdence Capital Advisors LLC boosted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,406 shares of the company's stock after acquiring an additional 3,689 shares during the period. Verdence Capital Advisors LLC's holdings in RTX were worth $4,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC acquired a new stake in shares of RTX in the first quarter worth approximately $224,000. Dynamic Advisor Solutions LLC raised its holdings in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the period. Deutsche Bank AG raised its holdings in RTX by 46.0% in the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after buying an additional 936,953 shares during the period. LBP AM SA raised its holdings in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company's stock valued at $36,980,000 after buying an additional 41,990 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock valued at $51,741,000 after purchasing an additional 5,356 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 1.0%

Shares of NYSE:RTX traded up $1.53 during mid-day trading on Thursday, reaching $151.70. 4,325,793 shares of the company were exchanged, compared to its average volume of 5,274,857. The firm has a market cap of $202.66 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a 1 year low of $102.62 and a 1 year 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. The firm's 50-day simple moving average is $140.89 and its 200 day simple moving average is $131.23.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.79%. RTX's payout ratio is currently 79.77%.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% 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 company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RTX. Royal Bank Of Canada reduced their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $164.28.

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.