RTX Corporation (NYSE:RTX) Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC boosted its holdings in RTX Corporation (NYSE:RTX) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,246 shares of the company’s stock after acquiring an additional 905 shares during the period. Weaver Capital Management LLC’s holdings in RTX were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in RTX. LaFleur & Godfrey LLC grew its stake in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock valued at $20,620,000 after acquiring an additional 900 shares during the last quarter. Brighton Jones LLC grew its stake in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in 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 purchasing an additional 159 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in RTX by 59.0% in the 4th quarter. Venturi Wealth Management LLC now owns 3,537 shares of the company’s stock valued at $409,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in RTX by 4.6% in the 4th quarter. Ieq Capital LLC now owns 89,530 shares of the company’s stock valued at $10,360,000 after purchasing an additional 3,918 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 0.6%

NYSE RTX opened at $146.75 on Friday. RTX Corporation has a one year low of $99.07 and a one year high of $149.26. The company’s 50 day moving average price is $133.43 and its 200 day moving average price is $127.42. 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 capitalization of $196.05 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 2.64 and a beta of 0.63.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

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

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.