RTX Corporation (NYSE:RTX) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of RTX Corporation (NYSE:RTX) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 784,434 shares of the company’s stock after purchasing an additional 5,244 shares during the quarter. RTX comprises 0.8% of D.A. Davidson & CO.’s portfolio, making the stock its 22nd largest holding. D.A. Davidson & CO.’s holdings in RTX were worth $103,906,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new position in RTX in the first quarter worth approximately $26,000. 10Elms LLP bought a new stake in shares of RTX during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in shares of RTX in the 4th quarter worth $31,000. Picton Mahoney Asset Management raised its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the period. Finally, Greenline Partners LLC acquired a new stake in shares of RTX during the fourth quarter worth $34,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

RTX Stock Up 0.2%

RTX stock opened at $144.51 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $193.06 billion, a PE ratio of 42.38, a PEG ratio of 2.61 and a beta of 0.64. RTX Corporation has a 1 year low of $99.42 and a 1 year high of $149.26. The company has a fifty day simple moving average of $136.35 and a 200 day simple moving average of $128.88.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Sell-side 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 1.88%. RTX’s dividend payout ratio is currently 79.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup decreased their price target on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced 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. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Wells Fargo & Company upped their price target on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.12.

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.