Chevy Chase Trust Holdings LLC Buys 94 Shares of RTX Corporation (NYSE:RTX)

Chevy Chase Trust Holdings LLC raised its holdings in shares of RTX Corporation (NYSE:RTX) by 0.0% during the first quarter, HoldingsChannel reports. The fund owned 709,826 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in RTX were worth $94,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. 10Elms LLP bought a new stake in RTX during the 4th quarter valued at $29,000. Fairway Wealth LLC bought a new stake in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management raised its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the period. Greenline Partners LLC bought a new stake in RTX during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX in the fourth quarter worth $39,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $145.90 on Tuesday. The company has a 50-day simple moving average of $133.77 and a two-hundred day simple moving average of $127.74. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $99.07 and a 12-month high of $149.26. The firm has a market cap of $194.92 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.65 and a beta of 0.63.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.68 per share. This is a positive change from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, May 23rd. RTX’s dividend payout ratio is currently 79.77%.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Susquehanna decreased their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Cowen reaffirmed a “buy” rating on shares of RTX in a report on Friday, May 23rd. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, 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 report on Tuesday, April 15th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.12.

Insider Transactions at RTX

In other news, 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 transaction of $528,780.84. Following the completion of the sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction 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 the 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 of the company’s stock, valued at approximately $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. 0.15% of the stock is currently owned by company insiders.

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.