19,397 Shares in RTX Corporation (NYSE:RTX) Acquired by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,397 shares of the company's stock, valued at approximately $2,569,000. RTX comprises 1.9% of Kingsman Wealth Management Inc.'s holdings, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Brighton Jones LLC grew its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares during the period. Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. Summit Global Investments bought a new position in RTX in the 4th quarter worth about $614,000. Finally, Quantbot Technologies LP raised its holdings in shares of RTX by 739.7% in the 4th quarter. Quantbot Technologies LP now owns 28,081 shares of the company's stock worth $3,250,000 after purchasing an additional 24,737 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 16,922 shares of the company'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 transaction, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $528,780.84. Following the sale, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Sanford C. Bernstein set a $154.00 price objective on RTX and gave the stock a "market perform" rating in a report on Friday, July 11th. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.28.

RTX Stock Performance

RTX traded up $0.30 during trading on Monday, reaching $151.80. 7,096,488 shares of the company were exchanged, compared to its average volume of 5,280,390. The firm has a 50 day moving average of $141.35 and a 200 day moving average of $131.70. The stock has a market cap of $202.79 billion, a P/E ratio of 44.52, a PEG ratio of 2.82 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. RTX Corporation has a 52 week low of $102.62 and a 52 week high of $153.37.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. On average, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.79%. RTX's dividend payout ratio (DPR) is presently 79.77%.

About RTX

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.