RTX Co. (NYSE:RTX) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its holdings in shares of RTX Co. (NYSE:RTX) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,349 shares of the company’s stock after purchasing an additional 2,020 shares during the quarter. Diversified Trust Co’s holdings in RTX were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of RTX by 12,753.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock worth $117,799,000 after purchasing an additional 1,389,143 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in RTX during the fourth quarter worth $38,000. NewEdge Wealth LLC boosted its position in shares of RTX by 19.4% during the fourth quarter. NewEdge Wealth LLC now owns 29,777 shares of the company’s stock worth $2,505,000 after buying an additional 4,828 shares during the period. ORG Partners LLC grew its stake in shares of RTX by 187.5% in the fourth quarter. ORG Partners LLC now owns 2,766 shares of the company’s stock valued at $233,000 after buying an additional 1,804 shares in the last quarter. Finally, Simplicity Solutions LLC raised its holdings in shares of RTX by 8.8% in the 4th quarter. Simplicity Solutions LLC now owns 37,873 shares of the company’s stock valued at $3,187,000 after buying an additional 3,072 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX traded up $0.50 during trading hours on Wednesday, reaching $117.36. 510,062 shares of the company’s stock were exchanged, compared to its average volume of 7,293,753. RTX Co. has a 1-year low of $68.56 and a 1-year high of $118.30. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $156.12 billion, a price-to-earnings ratio of 45.83, a P/E/G ratio of 2.05 and a beta of 0.82. The company has a 50-day moving average of $106.80 and a 200 day moving average of $100.82.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Research analysts anticipate that RTX Co. will post 5.44 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is currently 98.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research report on Tuesday, July 30th. TD Cowen upped their target price on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Sunday. Royal Bank of Canada boosted their price target on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Melius Research increased their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.47.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now owns 38,855 shares in the company, valued at $4,463,273.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 over the last 90 days. 0.13% of the stock is currently owned by insiders.

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.