Kingswood Wealth Advisors LLC Buys 3,639 Shares of RTX Corporation (NYSE:RTX)

Kingswood Wealth Advisors LLC increased its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,278 shares of the company's stock after buying an additional 3,639 shares during the period. Kingswood Wealth Advisors LLC's holdings in RTX were worth $5,604,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. LaFleur & Godfrey LLC boosted its position in shares of RTX by 0.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after acquiring an additional 900 shares in the last quarter. Brighton Jones LLC boosted its position in shares of RTX by 24.3% during the 4th 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 boosted its position 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 worth $564,000 after acquiring an additional 159 shares in the last quarter. WBH Advisory Inc. boosted its position in shares of RTX by 8.6% during the 4th quarter. WBH Advisory Inc. now owns 7,392 shares of the company's stock worth $855,000 after acquiring an additional 586 shares in the last quarter. Finally, Strategic Advisors LLC boosted its position in shares of RTX by 11.2% during the 4th quarter. Strategic Advisors LLC now owns 4,045 shares of the company's stock worth $468,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX 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 completion of the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

RTX Trading Down 1.8%

NYSE RTX traded down $2.67 during mid-day trading on Thursday, reaching $145.81. 7,110,436 shares of the stock were exchanged, compared to its average volume of 5,436,611. RTX Corporation has a one year low of $99.07 and a one year high of $149.26. The stock has a 50 day simple moving average of $133.06 and a 200-day simple moving average of $127.23. The stock has a market cap of $194.80 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $19.80 billion. On average, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 79.77%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price 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. Finally, Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Buy" and a consensus price target of $159.82.

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.