Close Asset Management Ltd Purchases 1,851 Shares of RTX Corporation (NYSE:RTX)

Close Asset Management Ltd increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,224 shares of the company's stock after purchasing an additional 1,851 shares during the quarter. Close Asset Management Ltd's holdings in RTX were worth $7,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Guardian Wealth Advisors LLC NC raised its stake in RTX by 1.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after buying an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in RTX by 2.1% in the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after purchasing an additional 82 shares during the period. Weatherly Asset Management L. P. grew its holdings in RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after purchasing an additional 82 shares during the period. CLG LLC grew its holdings in RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after purchasing an additional 83 shares during the period. Finally, 49 Wealth Management LLC grew its holdings in RTX by 3.3% in the fourth quarter. 49 Wealth Management LLC now owns 2,609 shares of the company's stock worth $302,000 after purchasing an additional 84 shares during the period. Institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% 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, VP Amy L. Johnson sold 4,146 shares of the firm's 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 owned 9,546 shares in the company, valued at $1,217,496.84. This trade 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 corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the company a "market perform" rating in a report on Friday, July 11th. 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. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and an average target price of $164.28.

RTX Price Performance

Shares of RTX stock opened at $149.26 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $103.62 and a twelve month high of $153.39. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.82 and a beta of 0.64. The business's fifty day moving average is $141.35 and its 200 day moving average is $131.70.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.71% and a net margin of 5.63%. 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 prior year, the business earned $1.41 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal 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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.82%. RTX's dividend payout ratio (DPR) is presently 79.77%.

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.

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