RTX Corporation (NYSE:RTX) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. reduced its holdings in RTX Corporation (NYSE:RTX) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,884 shares of the company’s stock after selling 800 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in RTX were worth $1,143,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RTX. 10Elms LLP acquired a new position in shares of RTX during the 4th quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in RTX during the fourth quarter worth approximately $31,000. Picton Mahoney Asset Management boosted its holdings in shares of 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 purchasing an additional 265 shares during the last quarter. Greenline Partners LLC purchased a new stake in shares of RTX during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX during the 4th quarter worth $39,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 1.4%

NYSE:RTX opened at $148.50 on Wednesday. RTX Corporation has a one year low of $99.07 and a one year high of $149.56. The business’s 50-day simple moving average is $132.34 and its 200 day simple moving average is $126.91. 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 stock has a market cap of $198.39 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, sell-side analysts predict 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. 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. This represents a $2.72 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, May 23rd. RTX’s payout ratio is currently 79.77%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Cowen reissued a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Susquehanna reduced their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, UBS Group increased their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, RTX has an average rating of “Buy” and a consensus target price of $159.82.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now directly owns 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

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.