RTX Corporation $RTX Shares Acquired by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 13.4% in the 1st quarter, Holdings Channel reports. The firm owned 3,588 shares of the company’s stock after buying an additional 423 shares during the period. Sand Hill Global Advisors LLC’s holdings in RTX were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Brighton Jones LLC lifted its stake in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. First Trust Advisors LP lifted its position in shares of RTX by 10.6% in the 4th quarter. First Trust Advisors LP now owns 601,957 shares of the company’s stock valued at $69,658,000 after acquiring an additional 57,689 shares in the last quarter. Capital World Investors purchased a new stake in shares of RTX in the 4th quarter valued at approximately $69,807,000. Finally, MML Investors Services LLC lifted its position in shares of RTX by 3.3% in the 4th quarter. MML Investors Services LLC now owns 387,638 shares of the company’s stock valued at $44,857,000 after acquiring an additional 12,368 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX opened at $155.56 on Tuesday. The company’s fifty day moving average is $149.83 and its 200-day moving average is $136.71. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The firm has a market cap of $208.22 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.84 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX’s payout ratio is presently 59.78%.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 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. The trade was a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock worth $7,126,389 in the last ninety days. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RTX shares. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, May 14th. UBS Group upped their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group upped their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $158.67.

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.