Kestra Private Wealth Services LLC Acquires 15,087 Shares of RTX Corporation (NYSE:RTX)

Kestra Private Wealth Services LLC increased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 189,785 shares of the company's stock after purchasing an additional 15,087 shares during the quarter. Kestra Private Wealth Services LLC's holdings in RTX were worth $25,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the first quarter worth about $26,000. 10Elms LLP bought a new stake in RTX in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new stake in RTX in the fourth quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in RTX in the fourth quarter worth about $39,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in RTX in the fourth quarter worth about $43,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.1%

NYSE RTX traded up $0.18 during trading on Friday, hitting $151.68. The company had a trading volume of 5,922,284 shares, compared to its average volume of 5,272,943. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a one year low of $102.62 and a one year high of $152.85. The company has a market cap of $202.64 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company's fifty day moving average is $141.35 and its 200-day moving average is $131.59.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly 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. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed 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 yield of 1.79%. RTX's dividend payout ratio (DPR) is 79.77%.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. Susquehanna lowered their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $164.28.

Insider Activity

In related news, VP Amy L. Johnson sold 4,146 shares of the 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 of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

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.