RTX Co. (NYSE:RTX) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC trimmed its holdings in RTX Co. (NYSE:RTX) by 7.6% during the first quarter, HoldingsChannel.com reports. The fund owned 7,110 shares of the company’s stock after selling 586 shares during the period. Everpar Advisors LLC’s holdings in RTX were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at RTX

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

RTX Price Performance

RTX stock opened at $145.47 on Friday. RTX Co. has a 52 week low of $99.07 and a 52 week high of $146.02. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $131.41 and its 200 day simple moving average is $126.50. The firm has a market capitalization of $194.34 billion, a PE ratio of 40.98, a P/E/G ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. On average, equities research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. This is a positive change from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. RTX’s dividend payout ratio is 79.77%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Morgan Stanley upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a research report on Wednesday, April 23rd. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Buy” and a consensus price target of $159.82.

About RTX

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.