Sigma Planning Corp Has $4.23 Million Stock Position in RTX Corporation (NYSE:RTX)

by · The Markets Daily

Sigma Planning Corp grew its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,895 shares of the company’s stock after purchasing an additional 883 shares during the quarter. Sigma Planning Corp’s holdings in RTX were worth $4,225,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock worth $13,710,408,000 after acquiring an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RTX by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company’s stock worth $3,263,610,000 after acquiring an additional 1,000,722 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of RTX by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company’s stock worth $1,922,264,000 after acquiring an additional 603,159 shares during the last quarter. Norges Bank acquired a new position in shares of RTX during the 4th quarter worth approximately $1,745,644,000. Finally, Northern Trust Corp increased its holdings in shares of RTX by 8.4% during the 4th quarter. Northern Trust Corp now owns 12,912,698 shares of the company’s stock worth $1,494,257,000 after acquiring an additional 997,806 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was 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 directly owned 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 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 owned by corporate insiders.

RTX Price Performance

Shares of RTX stock opened at $149.47 on Tuesday. 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 twelve month low of $101.52 and a twelve month high of $150.22. The company has a market cap of $199.68 billion, a P/E ratio of 43.83, a P/E/G ratio of 2.73 and a beta of 0.64. The business has a fifty day simple moving average of $139.16 and a 200 day simple moving average of $130.49.

RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.71% and a net margin of 5.63%. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.82%. RTX’s dividend payout ratio is currently 79.77%.

Analyst Ratings Changes

A number of research firms recently weighed in on RTX. DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a report on Friday, April 25th. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. UBS Group upped their price objective on RTX from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Susquehanna decreased their price objective on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.61.

Read Our Latest Report on RTX

RTX Profile

(Free Report)

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.

See Also

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