Blair William & Co. IL Decreases Stake in RTX Corporation (NYSE:RTX)

Blair William & Co. IL lessened its stake in RTX Corporation (NYSE:RTX) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 351,612 shares of the company’s stock after selling 3,040 shares during the quarter. Blair William & Co. IL’s holdings in RTX were worth $46,575,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC lifted its position in RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company’s stock worth $576,000 after buying an additional 82 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in RTX by 2.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares in the last quarter. Weatherly Asset Management L. P. grew its position in shares of RTX by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company’s stock worth $2,767,000 after acquiring an additional 82 shares in the last quarter. CLG LLC grew its position in shares of RTX by 2.3% in the 1st quarter. CLG LLC now owns 3,686 shares of the company’s stock worth $488,000 after acquiring an additional 83 shares in the last quarter. Finally, 49 Wealth Management LLC grew its position in shares of RTX by 3.3% in the 4th quarter. 49 Wealth Management LLC now owns 2,609 shares of the company’s stock worth $302,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.4%

RTX stock opened at $156.92 on Monday. The stock has a 50-day simple moving average of $145.69 and a 200 day simple moving average of $134.40. 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 capitalization of $210.04 billion, a P/E ratio of 34.49, a PEG ratio of 2.89 and a beta of 0.68. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $158.79.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 16,538 shares of the company’s stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,234 shares of company stock worth $4,439,755. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley lifted their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. UBS Group lifted their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.