RTX Corporation (NYSE:RTX) Position Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 42.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,469 shares of the company's stock after acquiring an additional 13,629 shares during the quarter. Kingsview Wealth Management LLC's holdings in RTX were worth $6,023,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter worth $26,000. 10Elms LLP acquired a new stake in shares of RTX in the 4th quarter valued at about $29,000. Greenline Partners LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $39,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in RTX during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RTX shares. Morgan Stanley increased their price objective on RTX from $135.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. lowered their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Royal Bank Of Canada lowered their price target on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Benchmark raised 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. Six investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.28.

Insiders Place Their Bets

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

RTX Trading Up 0.1%

Shares of NYSE RTX traded up $0.18 during trading on Friday, hitting $151.68. 5,922,284 shares of the company traded hands, compared to its average volume of 5,280,769. RTX Corporation has a 1 year low of $102.62 and a 1 year high of $152.84. The company has a 50-day moving average price of $141.35 and a 200-day moving average price of $131.48. The firm has a market capitalization of $202.64 billion, a P/E ratio of 44.48, a P/E/G ratio of 2.82 and a beta of 0.64. 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 (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.79%. RTX's dividend payout ratio is presently 79.77%.

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.