Accel Wealth Management Acquires 5,984 Shares of RTX Co. (NYSE:RTX)

Accel Wealth Management raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 15,174 shares of the company's stock after acquiring an additional 5,984 shares during the quarter. Accel Wealth Management's holdings in RTX were worth $2,010,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RTX. National Pension Service boosted its stake in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. Deutsche Bank AG boosted its position in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after acquiring an additional 936,953 shares during the last quarter. Archer Investment Corp boosted its position in RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares during the last quarter. Optas LLC grew its holdings in RTX by 114.5% during the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after acquiring an additional 3,770 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in shares of RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after acquiring an additional 7,987 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded up $0.44 on Thursday, hitting $138.99. 3,508,986 shares of the stock were exchanged, compared to its average volume of 5,345,434. The firm's 50 day moving average is $129.37 and its two-hundred day moving average is $125.48. RTX Co. has a one year low of $99.07 and a one year high of $139.37. The firm has a market capitalization of $185.68 billion, a PE ratio of 39.15, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. RTX's payout ratio is presently 79.77%.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 now owns 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Wall Street Zen raised RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Susquehanna cut their target price on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. UBS Group lifted their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $159.82.

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.