Dynamic Advisor Solutions LLC Acquires 2,686 Shares of RTX Co. (NYSE:RTX)

Dynamic Advisor Solutions LLC raised its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,657 shares of the company's stock after buying an additional 2,686 shares during the period. Dynamic Advisor Solutions LLC's holdings in RTX were worth $4,591,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RTX. LaFleur & Godfrey LLC increased its stake in RTX by 0.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after acquiring an additional 900 shares during the period. Brighton Jones LLC grew its stake in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares during the period. Vontobel Holding Ltd. lifted its position in shares of RTX by 21.2% during the 4th quarter. Vontobel Holding Ltd. now owns 36,346 shares of the company's stock worth $4,206,000 after buying an additional 6,350 shares during the period. Finally, WealthPLAN Partners LLC boosted its stake in RTX by 17.8% in the 4th quarter. WealthPLAN Partners LLC now owns 2,737 shares of the company's stock valued at $317,000 after buying an additional 413 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

RTX Trading Up 0.5%

Shares of RTX stock traded up $0.74 on Monday, hitting $146.43. 7,972,254 shares of the company's stock traded hands, compared to its average volume of 5,346,212. RTX Co. has a one year low of $99.07 and a one year high of $147.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $195.62 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. The firm's 50-day moving average price is $131.41 and its two-hundred day moving average price is $126.58.

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

RTX Increases Dividend

The company also recently declared 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 represents a $2.72 dividend on an annualized basis and a dividend yield of 1.86%. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. RTX's dividend payout ratio (DPR) is currently 79.77%.

Analyst Ratings Changes

RTX has been the subject of a number of analyst reports. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective for the company in a report on Wednesday, April 23rd. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a report on Friday, April 25th. Finally, Susquehanna dropped their price target on RTX from $147.00 to $140.00 and set a "positive" rating for the company 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, the company has a consensus rating of "Buy" and an average target price 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.