RTX Co. (NYSE:RTX) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc increased its position in RTX Co. (NYSE:RTX - Free Report) by 73.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,593 shares of the company's stock after purchasing an additional 2,366 shares during the quarter. Versant Capital Management Inc's holdings in RTX were worth $741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. increased its position in RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after buying an additional 79 shares in the last quarter. Fusion Capital LLC boosted its holdings in shares of RTX by 0.5% during the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after purchasing an additional 80 shares during the last quarter. McDonough Capital Management Inc boosted its holdings in shares of RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after purchasing an additional 80 shares during the last quarter. New England Professional Planning Group Inc. boosted its holdings in shares of RTX by 3.8% during the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after purchasing an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC boosted its holdings in shares of RTX by 0.5% during the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock worth $2,047,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Activity

In related news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $159.82.

RTX Stock Up 0.4%

RTX stock traded up $0.56 during midday trading on Monday, hitting $137.04. The stock had a trading volume of 1,690,776 shares, compared to its average volume of 5,269,996. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $183.08 billion, a P/E ratio of 38.61, a P/E/G ratio of 2.11 and a beta of 0.60. RTX Co. has a 12 month low of $99.07 and a 12 month high of $138.82. The business has a fifty day moving average price of $129.09 and a 200 day moving average price of $125.17.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.98%. RTX's dividend payout ratio is 79.77%.

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.