Planning Directions Inc. Makes New Investment in RTX Corporation (NYSE:RTX)

Planning Directions Inc. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,390 shares of the company's stock, valued at approximately $449,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in RTX in the first quarter valued at approximately $26,000. 10Elms LLP purchased a new position in shares of RTX during the fourth quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter worth approximately $31,000. Picton Mahoney Asset Management raised its stake in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares in the last quarter. Finally, Greenline Partners LLC purchased a new position in shares of RTX during the fourth quarter worth approximately $34,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Down 1.3%

Shares of RTX stock traded down $1.87 during mid-day trading on Tuesday, reaching $144.05. 1,233,951 shares of the company's stock traded hands, compared to its average volume of 5,326,313. RTX Corporation has a 12 month low of $99.42 and a 12 month high of $149.26. The company has a market cap of $192.44 billion, a P/E ratio of 42.25, a P/E/G ratio of 2.63 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $137.66 and its 200-day moving average price is $129.67.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. On average, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.89%. RTX's dividend payout ratio is presently 79.77%.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 23rd. UBS Group lifted their price target on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $161.12.

Insider Activity

In other news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated 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 owned 16,538 shares of the company's stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX 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 completion of the transaction, the vice president directly owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is 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.