RTX Co. (NYSE:RTX) Stock Holdings Lessened by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,162 shares of the company’s stock after selling 549 shares during the period. Intellectus Partners LLC’s holdings in RTX were worth $949,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of RTX 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 transaction, the executive vice president now owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

RTX Trading Up 0.1%

NYSE RTX opened at $139.21 on Friday. RTX Co. has a 52 week low of $99.07 and a 52 week high of $140.65. The stock’s 50 day moving average price is $129.63 and its two-hundred day moving average price is $125.75. The stock has a market capitalization of $185.98 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share 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 analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts anticipate 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 given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX’s dividend payout ratio is presently 79.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna cut their target price on RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Cowen reissued a “buy” rating on shares of RTX in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their price objective on RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Finally, UBS Group increased their price target 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. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.