Hancock Whitney Corp Has $1.56 Million Stock Holdings in RTX Co. (NYSE:RTX)

Hancock Whitney Corp lowered its stake in RTX Co. (NYSE:RTX) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,987 shares of the company’s stock after selling 130 shares during the quarter. Hancock Whitney Corp’s holdings in RTX were worth $1,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Coppell Advisory Solutions Corp. bought a new stake in RTX during the first quarter worth $908,000. Tidal Investments LLC increased its stake in shares of RTX by 58.9% during the 1st quarter. Tidal Investments LLC now owns 40,425 shares of the company’s stock worth $3,943,000 after purchasing an additional 14,991 shares during the last quarter. Slagle Financial LLC bought a new stake in shares of RTX in the 1st quarter valued at about $2,795,000. Meiji Yasuda Life Insurance Co raised its holdings in shares of RTX by 41.2% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,395 shares of the company’s stock valued at $331,000 after purchasing an additional 990 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its stake in RTX by 65.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 118,110 shares of the company’s stock valued at $11,519,000 after purchasing an additional 46,510 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. UBS Group raised their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Citigroup raised their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Susquehanna upped their price target on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and a consensus target price of $153.47.

Insider Activity

In related news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,213 shares of company stock worth $22,963,593. Corporate insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX stock traded down $0.73 during trading hours on Friday, reaching $116.01. 938,325 shares of the stock were exchanged, compared to its average volume of 7,358,232. The stock has a 50 day moving average of $105.33 and a two-hundred day moving average of $99.07. The company has a market cap of $154.32 billion, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a twelve month low of $68.56 and a twelve month high of $118.30.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating 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 company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. Equities analysts expect that RTX Co. will post 5.44 EPS for the current fiscal year.

RTX Announces Dividend

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. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. RTX’s dividend payout ratio (DPR) is currently 98.82%.

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.