RTX Corporation (NYSE:RTX) Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 102.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,821 shares of the company's stock after buying an additional 2,442 shares during the quarter. Florida Financial Advisors LLC's holdings in RTX were worth $638,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bay Capital Advisors LLC purchased a new position in shares of RTX during the 1st quarter worth $224,000. Dynamic Advisor Solutions LLC lifted its stake in shares of RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares during the period. Deutsche Bank AG lifted its stake in shares of RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the period. LBP AM SA lifted its stake in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after purchasing an additional 5,356 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 1.0%

NYSE:RTX traded up $1.52 during mid-day trading on Wednesday, hitting $150.20. The company had a trading volume of 3,326,183 shares, compared to its average volume of 5,275,511. RTX Corporation has a 1 year low of $101.75 and a 1 year high of $150.76. The firm has a market capitalization of $200.66 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.78 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $139.99 and a 200-day simple moving average of $130.84.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly 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 business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share 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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.81%. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Transactions at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the executive vice president owned 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 disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Finally, UBS Group lifted their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average target price of $162.61.

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.