Yarbrough Capital LLC Grows Stock Position in RTX Co. (NYSE:RTX)

Yarbrough Capital LLC lifted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,996 shares of the company's stock after purchasing an additional 7,730 shares during the period. Yarbrough Capital LLC's holdings in RTX were worth $7,947,000 as of its most recent SEC filing.

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

RTX Stock Up 0.1%

Shares of RTX stock opened at $139.21 on Friday. The business has a 50-day moving average price of $129.63 and a 200 day moving average price of $125.80. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $140.65. The firm has a market cap of $185.98 billion, a P/E ratio of 39.21, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal 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 1.95%. RTX's dividend payout ratio is 79.77%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 now directly owns 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 trade represents a 30.28% 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 Ratings Changes

Several analysts have recently issued reports on the stock. 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. Argus raised RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Cowen restated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Citigroup decreased their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, UBS Group boosted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $159.82.

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.

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