Bernardo Wealth Planning LLC Makes New Investment in RTX Corporation (NYSE:RTX)

Bernardo Wealth Planning LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,727 shares of the company's stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in the business. Weaver Capital Management LLC raised its stake in shares of RTX by 8.8% during the first quarter. Weaver Capital Management LLC now owns 11,246 shares of the company's stock worth $1,490,000 after acquiring an additional 905 shares in the last quarter. Monte Financial Group LLC increased its stake in shares of RTX by 1.3% in the first quarter. Monte Financial Group LLC now owns 47,442 shares of the company's stock worth $6,115,000 after buying an additional 610 shares during the period. Marietta Wealth Management LLC increased its stake in shares of RTX by 0.6% in the first quarter. Marietta Wealth Management LLC now owns 68,097 shares of the company's stock worth $9,020,000 after buying an additional 423 shares during the period. Worth Financial Advisory Group LLC increased its stake in shares of RTX by 4.8% in the first quarter. Worth Financial Advisory Group LLC now owns 4,323 shares of the company's stock worth $573,000 after buying an additional 199 shares during the period. Finally, PFG Investments LLC increased its stake in shares of RTX by 7.4% in the first quarter. PFG Investments LLC now owns 20,485 shares of the company's stock worth $2,713,000 after buying an additional 1,419 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX opened at $146.75 on Friday. RTX Corporation has a 52 week low of $99.07 and a 52 week high of $149.26. The firm has a market capitalization of $196.05 billion, a P/E ratio of 43.04, a PEG ratio of 2.64 and a beta of 0.63. 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 has a 50-day moving average price of $133.43 and a 200-day moving average price of $127.42.

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

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a dividend of $0.68 per share. The ex-dividend date was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.85%. RTX's payout ratio is 79.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on RTX shares. Susquehanna cut their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a report on Friday, April 25th. 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 report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

Insider Activity at RTX

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

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.

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