Consilium Wealth Advisory LLC Buys Shares of 5,583 RTX Corporation (NYSE:RTX)

Consilium Wealth Advisory LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,583 shares of the company's stock, valued at approximately $740,000.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of RTX in the fourth quarter valued at $29,000. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management increased its stake in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares during the period. Greenline Partners LLC acquired a new position in RTX in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new position in RTX during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research note on Friday, April 25th. Citigroup lowered their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Buy" and a consensus target price of $159.82.

RTX Trading Down 1.8%

Shares of RTX traded down $2.67 during trading hours on Wednesday, hitting $145.81. 7,110,436 shares of the stock traded hands, compared to its average volume of 5,436,610. The business has a fifty day moving average of $132.69 and a 200-day moving average of $127.04. The firm has a market capitalization of $194.80 billion, a PE ratio of 42.76, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63. RTX Corporation has a 1-year low of $99.07 and a 1-year high of $149.56. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS 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 5.63% and a return on equity of 12.71%. Analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were given a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, May 23rd. RTX's payout ratio is presently 79.77%.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of RTX 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 approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction 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. The trade was a 30.28% 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.

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.