RTX Corporation (NYSE:RTX) Shares Sold by World Equity Group Inc.

World Equity Group Inc. trimmed its position in RTX Corporation (NYSE:RTX - Free Report) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,745 shares of the company's stock after selling 3,013 shares during the quarter. World Equity Group Inc.'s holdings in RTX were worth $475,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RTX. 10Elms LLP acquired a new position in shares of RTX in the 4th quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management lifted its holdings in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RTX. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Citigroup cut their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada cut their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

RTX Price Performance

NYSE:RTX traded up $0.88 during mid-day trading on Friday, hitting $146.75. 9,218,508 shares of the company's stock traded hands, compared to its average volume of 5,413,915. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm's 50 day simple moving average is $133.43 and its 200 day simple moving average is $127.54. RTX Corporation has a 1 year low of $99.07 and a 1 year high of $149.26. The company has a market cap of $196.05 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion during 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%. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were given a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.85%. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president now directly owns 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. Corporate insiders own 0.15% of the company's stock.

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.