One Wealth Advisors LLC Purchases Shares of 7,169 RTX Corporation (NYSE:RTX)

One Wealth Advisors LLC purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,169 shares of the company's stock, valued at approximately $950,000.

A number of other large investors also recently modified their holdings of the business. Bay Capital Advisors LLC acquired a new position in RTX during the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC increased its stake in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the period. Deutsche Bank AG increased its stake in RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after buying an additional 936,953 shares during the period. LBP AM SA increased its stake in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock valued at $36,980,000 after buying an additional 41,990 shares during the period. Finally, Arizona State Retirement System increased its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock valued at $51,741,000 after buying an additional 5,356 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Wednesday, May 14th. Finally, UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday. Six investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.88.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,530 shares of company stock worth $3,080,191 in the last ninety days. 0.15% of the stock is currently owned by insiders.

RTX Stock Performance

Shares of RTX stock traded up $1.64 on Friday, reaching $156.86. The stock had a trading volume of 4,727,235 shares, compared to its average volume of 4,909,235. The business's 50-day moving average price is $143.48 and its two-hundred day moving average price is $132.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $157.33. The stock has a market cap of $209.96 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the previous year, the company earned $1.41 earnings per share. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.73%. RTX's payout ratio is currently 59.78%.

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.