RTX Corporation (NYSE:RTX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 626,408 shares of the company's stock after selling 6,213 shares during the quarter. Victory Capital Management Inc.'s holdings in RTX were worth $82,974,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in RTX in the 4th quarter worth about $1,745,644,000. GAMMA Investing LLC boosted its holdings in shares of RTX by 14,838.5% in the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after purchasing an additional 4,135,349 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares during the period. Invesco Ltd. increased its holdings in RTX by 17.6% during the 4th quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock worth $1,175,457,000 after purchasing an additional 1,522,251 shares during the period. Finally, Vanguard Group Inc. raised its position in RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.1%

RTX stock traded up $0.18 during midday trading on Friday, reaching $151.68. The company's stock had a trading volume of 5,922,284 shares, compared to its average volume of 5,280,769. 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 stock has a market capitalization of $202.64 billion, a P/E ratio of 25.81, a PEG ratio of 2.82 and a beta of 0.64. The stock's 50-day simple moving average is $140.89 and its 200-day simple moving average is $131.23. RTX Corporation has a 52-week low of $102.62 and a 52-week high of $152.84.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.79%. RTX's dividend payout ratio is currently 79.77%.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX 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 completion of the sale, the vice president owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RTX shares. Morgan Stanley increased their price target on RTX from $135.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday. Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. UBS Group raised their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.