3,668 Shares in RTX Corporation (NYSE:RTX) Acquired by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC has made a new investment in RTX Corporation, purchasing 3,668 shares valued at approximately $486,000.
• RTX reported a quarterly EPS of $1.56, surpassing analysts' expectations of $1.45, with revenues reaching $21.58 billion.
• The company announced a quarterly dividend of $0.68 per share, representing an annualized yield of 1.7% and a payout ratio of 59.78%.

Earned Wealth Advisors LLC acquired a new position in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,668 shares of the company's stock, valued at approximately $486,000.

Other large investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter worth about $26,000. 10Elms LLP bought a new position in shares of RTX in the 4th quarter valued at about $29,000. Greenline Partners LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of RTX during the fourth quarter worth approximately $43,000. Finally, Capital A Wealth Management LLC acquired a new position in RTX in the fourth quarter valued at approximately $45,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other news, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,935 shares of company stock valued at $5,938,488 in the last ninety days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on RTX shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Stock Down 0.2%

NYSE RTX traded down $0.25 during trading on Thursday, hitting $155.50. The stock had a trading volume of 5,102,942 shares, compared to its average volume of 5,375,710. The company has a market capitalization of $208.14 billion, a PE ratio of 34.18, a P/E/G ratio of 2.88 and a beta of 0.69. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The company's 50-day moving average price is $147.09 and its two-hundred day moving average price is $134.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio is 59.78%.

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.