Revisor Wealth Management LLC Acquires Shares of 1,909 RTX Corporation (NYSE:RTX)

Revisor Wealth Management LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,909 shares of the company's stock, valued at approximately $253,000.

A number of other large investors also recently modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter valued at about $26,000. 10Elms LLP bought a new position in RTX in the 4th quarter valued at about $29,000. Fairway Wealth LLC acquired a new position in RTX during the 4th quarter valued at about $31,000. Picton Mahoney Asset Management increased its holdings in 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. Finally, Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $34,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated 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 sale, the executive vice president owned 16,538 shares of the company's stock, 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 dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president owned 9,546 shares of the company's stock, 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. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a report on Friday, April 25th. Finally, Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $161.12.

RTX Stock Up 0.9%

RTX stock opened at $145.80 on Friday. The stock has a fifty day moving average of $136.83 and a 200-day moving average of $129.07. RTX Corporation has a fifty-two week low of $99.42 and a fifty-two week high of $149.26. The company has a market capitalization of $194.78 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 2.61 and a beta of 0.64. 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 yield of 1.87%. RTX's dividend payout ratio is 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.

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