Marcum Wealth LLC Boosts Holdings in RTX Co. (NYSE:RTX)

Marcum Wealth LLC boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 97.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,733 shares of the company's stock after purchasing an additional 9,745 shares during the period. Marcum Wealth LLC's holdings in RTX were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RTX. National Pension Service grew its holdings in RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after acquiring an additional 375,781 shares during the period. Deutsche Bank AG grew its stake in shares of RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the period. Archer Investment Corp lifted its stake in shares of RTX by 370.3% in the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after purchasing an additional 4,151 shares during the period. Optas LLC boosted its holdings in RTX by 114.5% during the fourth quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after buying an additional 3,770 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in RTX by 43.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after buying an additional 7,987 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Up 1.2%

RTX stock traded up $1.63 during mid-day trading on Friday, hitting $136.43. The company's stock had a trading volume of 8,195,041 shares, compared to its average volume of 5,407,482. RTX Co. has a 1 year low of $99.07 and a 1 year high of $138.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $182.26 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The stock's fifty day moving average is $129.09 and its two-hundred day moving average is $125.12.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating 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 net margin of 5.91% and a return on equity of 12.45%. On average, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio is currently 79.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RTX shares. Citigroup reduced their price target on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. UBS Group increased their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of "Buy" and an average target price of $159.82.

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.