Opinicus Capital Inc. Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Opinicus Capital Inc. reduced its holdings in RTX Co. (NYSE:RTX) by 15.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,070 shares of the company’s stock after selling 2,546 shares during the period. RTX makes up 1.6% of Opinicus Capital Inc.’s portfolio, making the stock its 15th largest holding. Opinicus Capital Inc.’s holdings in RTX were worth $1,864,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RTX. 10Elms LLP bought a new stake in RTX in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new position in RTX during the 4th quarter valued at about $31,000. Picton Mahoney Asset Management raised its position in RTX by 2,944.4% in the 4th 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. Greenline Partners LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $39,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on RTX. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. 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 research report on Wednesday, April 23rd. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. 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 a consensus rating of “Buy” and a consensus target price of $159.82.

Insider Buying and Selling

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

RTX Price Performance

RTX opened at $140.92 on Friday. The firm has a market capitalization of $188.26 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. The business’s 50-day moving average is $130.91 and its two-hundred day moving average is $126.33. RTX Co. has a 1 year low of $99.07 and a 1 year high of $149.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last posted 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 firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. Research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were given a $0.68 dividend. This is a boost from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.93%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

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.