Elyxium Wealth LLC Purchases 3,237 Shares of RTX Corporation (NYSE:RTX)

Elyxium Wealth LLC boosted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 25.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,764 shares of the company's stock after purchasing an additional 3,237 shares during the period. RTX comprises 0.9% of Elyxium Wealth LLC's portfolio, making the stock its 27th largest position. Elyxium Wealth LLC's holdings in RTX were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $26,000. 10Elms LLP acquired a new stake in shares of RTX during the 4th quarter worth approximately $29,000. Greenline Partners LLC acquired a new stake in RTX in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in RTX in the 4th quarter valued at about $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.2%

Shares of NYSE:RTX traded up $0.30 during midday trading on Monday, reaching $151.80. The company had a trading volume of 7,096,488 shares, compared to its average volume of 5,280,372. RTX Corporation has a 1-year low of $102.62 and a 1-year high of $153.37. The stock has a market cap of $202.79 billion, a PE ratio of 44.52, a P/E/G ratio of 2.82 and a beta of 0.64. The business's 50 day moving average price is $141.35 and its 200 day moving average price is $131.70. 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate 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 net margin of 5.63% and a return on equity of 12.71%. Research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared 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 dividend yield of 1.79%. RTX's payout ratio is 79.77%.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the firm's 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 sale, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the business'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 owned 9,546 shares in the company, valued at $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. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RTX. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wells Fargo & Company increased their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. The Goldman Sachs Group raised their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Finally, UBS Group lifted their target price on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.28.

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.