Harel Insurance Investments & Financial Services Ltd. Acquires 11,640 Shares of RTX Corporation (NYSE:RTX)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,719 shares of the company's stock after purchasing an additional 11,640 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in RTX were worth $59,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the 1st quarter worth $26,000. 10Elms LLP purchased a new stake in RTX during the fourth quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the fourth quarter worth about $31,000. Picton Mahoney Asset Management lifted its holdings in shares of 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. Finally, Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter worth about $34,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTX shares. JPMorgan Chase & Co. lowered their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Susquehanna lowered their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Benchmark raised shares of 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. Finally, Royal Bank Of Canada lowered their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $161.12.

RTX Trading Down 0.1%

Shares of RTX stock traded down $0.21 on Monday, hitting $145.54. The stock had a trading volume of 1,128,101 shares, compared to its average volume of 5,328,595. 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 Corporation has a one year low of $99.42 and a one year high of $149.26. The stock has a market cap of $194.43 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.63 and a beta of 0.64. The stock's 50-day simple moving average is $137.24 and its two-hundred day simple moving average is $129.46.

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 the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. As a group, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX's dividend payout ratio is 79.77%.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm'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 completion of the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, 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 position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

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.