Planning Center Inc. Buys Shares of 1,857 RTX Corporation (NYSE:RTX)

Planning Center Inc. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,857 shares of the company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in RTX in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in RTX in the 4th quarter valued at approximately $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Greenline Partners LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada decreased their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of "Buy" and a consensus target price of $159.82.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was 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 owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

RTX Trading Up 1.4%

Shares of RTX opened at $148.50 on Wednesday. The stock has a fifty day moving average price of $132.34 and a two-hundred day moving average price of $126.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 52-week low of $99.07 and a 52-week high of $149.56. The company has a market cap of $198.39 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 2.65 and a beta of 0.63.

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. RTX had a return on equity of 12.71% and a net margin of 5.63%. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. Analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were given a $0.68 dividend. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.72 annualized dividend and a yield of 1.83%. RTX's payout ratio is presently 79.77%.

RTX Company 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.

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