RTX Corporation (NYSE:RTX) Shares Sold by XTX Topco Ltd

Key Points

• XTX Topco Ltd reduced its stake in RTX Corporation by 28.2%, selling 6,780 shares in the first quarter, leaving them with 17,299 shares valued at $2,291,000.
• VP Kevin G. Dasilva and EVP Dantaya M. Williams recently sold significant shares, with Dasilva selling 8,704 shares and Williams selling 16,922 shares, resulting in ownership decreases of 22.49% and 50.57% respectively.
• RTX Corporation reported $1.56 earnings per share for the last quarter, beating predictions and experiencing a 9.4% increase in revenue year-over-year.

XTX Topco Ltd trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,299 shares of the company's stock after selling 6,780 shares during the quarter. XTX Topco Ltd's holdings in RTX were worth $2,291,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of RTX by 8.4% during the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after purchasing an additional 997,806 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of RTX by 43.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after purchasing an additional 3,164,844 shares in the last quarter. Invesco Ltd. increased its position in shares of RTX by 17.6% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of RTX by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,647,638 shares of the company's stock worth $884,958,000 after purchasing an additional 203,173 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of RTX by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 6,947,301 shares of the company's stock worth $803,942,000 after purchasing an additional 35,794 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a "market perform" rating in a research report on Friday, July 11th. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a report on Friday, April 25th. Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $158.67.

RTX Price Performance

Shares of RTX stock traded down $0.65 during trading hours on Friday, reaching $156.92. The stock had a trading volume of 4,418,299 shares, compared to its average volume of 4,749,872. The stock's 50 day moving average is $145.69 and its 200 day moving average is $134.20. The firm has a market capitalization of $210.04 billion, a PE ratio of 34.49, a PEG ratio of 2.90 and a beta of 0.68. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,234 shares of company stock worth $4,439,755 in the last quarter. Company insiders own 0.15% of the company's stock.

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.