Guyasuta Investment Advisors Inc. Decreases Stock Holdings in RTX Corporation (NYSE:RTX)

Guyasuta Investment Advisors Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,254 shares of the company’s stock after selling 486 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in RTX were worth $2,021,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter valued at about $29,000. Fairway Wealth LLC acquired a new position in shares of RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management increased 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 valued at $31,000 after acquiring an additional 265 shares in the last quarter. Greenline Partners LLC acquired a new position in shares of RTX during the fourth quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of RTX during the fourth quarter valued at about $39,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale 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 firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of 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 position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, April 15th. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price target on the stock in a report on Friday, April 25th. Susquehanna cut their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada cut their price target on shares of RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.82.

RTX Trading Up 0.6%

Shares of NYSE:RTX opened at $146.75 on Friday. RTX Corporation has a 1 year low of $99.07 and a 1 year high of $149.26. The firm has a market capitalization of $196.05 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business’s 50 day moving average price is $133.43 and its 200-day moving average price is $127.48.

RTX (NYSE:RTX) last announced 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 analyst estimates of $19.80 billion. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.85%. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio (DPR) is presently 79.77%.

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.