Arcataur Capital Management LLC Has $627,000 Stock Holdings in RTX Corporation (NYSE:RTX)

Arcataur Capital Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,734 shares of the company’s stock after selling 382 shares during the period. Arcataur Capital Management LLC’s holdings in RTX were worth $627,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RTX. Brighton Jones LLC lifted its position in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in RTX during the 4th quarter worth approximately $1,754,000. Allianz SE acquired a new stake in RTX during the 4th quarter worth approximately $5,844,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in RTX by 51.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 262,074 shares of the company’s stock worth $30,327,000 after purchasing an additional 88,604 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a “market perform” rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Benchmark raised RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, May 14th. Finally, Wells Fargo & Company raised their price objective on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.69.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 directly 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 have sold a total of 22,530 shares of company stock valued at $3,080,191 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

RTX Trading Up 1.1%

Shares of RTX opened at $156.86 on Monday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $157.33. The business’s fifty day moving average is $143.48 and its 200-day moving average is $133.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $209.96 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 2.89 and a beta of 0.64.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.73%. RTX’s dividend payout ratio (DPR) is 59.78%.

RTX Company 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.