2,059 Shares in RTX Co. (NYSE:RTX) Bought by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,059 shares of the company's stock, valued at approximately $262,000.

Several other large investors have also made changes to their positions in the company. 10Elms LLP acquired a new stake in RTX during the 4th quarter worth approximately $29,000. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management boosted 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 worth $31,000 after buying an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new position in shares of RTX during the fourth quarter worth approximately $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds 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 business'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 transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now owns 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX traded down $0.12 during mid-day trading on Thursday, reaching $141.69. The company had a trading volume of 1,827,314 shares, compared to its average volume of 5,361,309. The stock has a 50 day moving average of $130.44 and a two-hundred day moving average of $126.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $189.29 billion, a P/E ratio of 39.91, a PEG ratio of 2.11 and a beta of 0.63. RTX Co. has a 52-week low of $99.07 and a 52-week high of $142.65.

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

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research note on Friday, April 25th. Royal Bank of Canada lowered their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, RTX currently has an average rating of "Buy" and a consensus target price of $159.82.

RTX 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.