Sapient Capital LLC Boosts Position in RTX Co. (NYSE:RTX)

Sapient Capital LLC boosted its holdings in RTX Co. (NYSE:RTX) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 68,127 shares of the company’s stock after buying an additional 295 shares during the period. Sapient Capital LLC’s holdings in RTX were worth $9,024,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LaFleur & Godfrey LLC raised its stake in shares of RTX by 0.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock valued at $20,620,000 after purchasing an additional 900 shares during the period. Brighton Jones LLC raised its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Quent Capital LLC raised its stake in shares of RTX by 5.9% during the fourth quarter. Quent Capital LLC now owns 2,988 shares of the company’s stock valued at $346,000 after purchasing an additional 167 shares during the period. Finally, Portfolio Design Labs LLC raised its stake in shares of RTX by 38.4% during the fourth quarter. Portfolio Design Labs LLC now owns 21,840 shares of the company’s stock valued at $2,527,000 after purchasing an additional 6,063 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated 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 now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value 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 $2,275,959.56. This 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RTX. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Wells Fargo & Company raised their price target on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Morgan Stanley raised shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price target for the company in a research report on Wednesday, April 23rd. Finally, UBS Group boosted their target price on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Buy” and an average target price of $159.82.

RTX Price Performance

Shares of NYSE RTX opened at $141.77 on Thursday. RTX Co. has a twelve month low of $99.07 and a twelve month high of $142.65. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $189.39 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 2.11 and a beta of 0.63. The firm has a 50-day moving average of $130.44 and a two-hundred day moving average of $126.17.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is presently 79.77%.

RTX Company 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.