RTX Corporation (NYSE:RTX) Shares Sold by Nvest Financial LLC

Nvest Financial LLC lowered its stake in RTX Corporation (NYSE:RTX) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,106 shares of the company’s stock after selling 336 shares during the period. RTX makes up approximately 1.7% of Nvest Financial LLC’s portfolio, making the stock its 16th biggest holding. Nvest Financial LLC’s holdings in RTX were worth $3,193,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RTX. Creative Financial Designs Inc. ADV boosted its holdings in RTX by 10.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 11,471 shares of the company’s stock valued at $1,519,000 after purchasing an additional 1,092 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of RTX by 8.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 415,958 shares of the company’s stock valued at $55,098,000 after buying an additional 32,518 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of RTX by 2.3% in the first quarter. Sequoia Financial Advisors LLC now owns 545,447 shares of the company’s stock valued at $72,250,000 after buying an additional 12,392 shares in the last quarter. Terra Nova Asset Management LLC grew its holdings in RTX by 0.6% during the first quarter. Terra Nova Asset Management LLC now owns 17,518 shares of the company’s stock worth $2,320,000 after acquiring an additional 112 shares during the period. Finally, Pure Financial Advisors LLC raised its position in RTX by 0.9% in the first quarter. Pure Financial Advisors LLC now owns 17,010 shares of the company’s stock worth $2,253,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RTX shares. Wells Fargo & Company upped their price target on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Royal Bank Of Canada lowered their price target on RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna dropped their price objective on RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.12.

RTX Trading Down 0.4%

Shares of RTX stock opened at $141.29 on Thursday. The company has a market capitalization of $188.76 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.56 and a beta of 0.63. 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 50-day moving average price of $134.28 and a 200 day moving average price of $127.93. RTX Corporation has a twelve month low of $99.07 and a twelve month high of $149.26.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 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 the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, May 23rd. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio is currently 79.77%.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company’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 of the company’s stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of 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 position. The disclosure for this sale can be found here. 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.