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

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 452,719 shares of the company's stock after buying an additional 11,640 shares during the period. 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 large investors also recently modified their holdings of RTX. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of RTX by 47.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,922 shares of the company's stock valued at $338,000 after buying an additional 939 shares in the last quarter. Assetmark Inc. raised its holdings in shares of RTX by 19.3% during the 4th quarter. Assetmark Inc. now owns 171,103 shares of the company's stock valued at $19,800,000 after buying an additional 27,728 shares in the last quarter. Finally, SPC Financial Inc. purchased a new position in shares of RTX during the 4th quarter valued at about $230,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares in the company, 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 the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction 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 transaction, the vice president owned 9,546 shares of the company's stock, 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. Insiders own 0.15% of the company's stock.

RTX Stock Up 0.2%

Shares of NYSE RTX traded up $0.25 during mid-day trading on Monday, hitting $146.00. 4,531,083 shares of the stock traded hands, compared to its average volume of 5,341,827. 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 Corporation has a 52 week low of $99.42 and a 52 week high of $149.26. The company has a market cap of $195.05 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.63 and a beta of 0.64. The stock has a fifty day moving average price of $137.66 and a 200-day moving average price of $129.67.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.71% and a net margin of 5.63%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current 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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.86%. RTX's dividend payout ratio is presently 79.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RTX shares. UBS Group raised their price target on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Susquehanna reduced their price target on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group raised their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. reduced their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank Of Canada reduced their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.12.

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.