Barnes Dennig Private Wealth Management LLC Invests $261,000 in RTX Corporation (NYSE:RTX)

Barnes Dennig Private Wealth Management LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,972 shares of the company's stock, valued at approximately $261,000.

Other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter worth about $26,000. 10Elms LLP bought a new stake in RTX during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new position in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management grew its stake in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in shares of RTX in the 4th quarter worth $34,000. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the firm's 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 sale, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Royal Bank Of Canada lowered their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. cut their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $161.12.

RTX Trading Down 1.2%

RTX stock traded down $1.73 during midday trading on Tuesday, hitting $144.29. The company had a trading volume of 4,818,560 shares, compared to its average volume of 5,365,914. The stock has a market cap of $192.76 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.61 and a beta of 0.63. RTX Corporation has a 52 week low of $99.07 and a 52 week high of $149.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average price is $135.27 and its 200 day moving average price is $128.66.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.89%. RTX's dividend payout ratio (DPR) is 79.77%.

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.