Whittier Trust Co. of Nevada Inc. Has $26.06 Million Stock Position in RTX Corporation (NYSE:RTX)

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,707 shares of the company's stock after purchasing an additional 6,371 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in RTX were worth $26,056,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter valued at $26,000. 10Elms LLP bought a new position in RTX during the 4th quarter worth $29,000. Picton Mahoney Asset Management increased its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the period. Greenline Partners LLC bought a new position in RTX during the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new position in RTX during the 4th quarter worth $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Wells Fargo & Company increased their price objective on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Susquehanna lowered their price objective on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average price target of $162.61.

RTX Price Performance

RTX stock traded up $1.52 during midday trading on Wednesday, reaching $150.20. The company's stock had a trading volume of 3,358,104 shares, compared to its average volume of 5,279,278. RTX Corporation has a 52 week low of $102.62 and a 52 week high of $151.06. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $140.44 and a 200-day moving average price of $130.98. The stock has a market cap of $200.66 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.71% and a net margin of 5.63%. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. On average, sell-side 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. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.81%. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Activity

In other news, 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 directly owned 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president 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. Insiders own 0.15% of the company's stock.

RTX 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.