RTX Corporation (NYSE:RTX) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 32.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,137 shares of the company's stock after buying an additional 9,034 shares during the period. Ritholtz Wealth Management's holdings in RTX were worth $4,919,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. LaFleur & Godfrey LLC raised its position in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after buying an additional 900 shares during the last quarter. Brighton Jones LLC grew its stake in shares of RTX by 24.3% in the fourth 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 during the period. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. Bogart Wealth LLC lifted its position in RTX by 7.6% during the fourth quarter. Bogart Wealth LLC now owns 2,548 shares of the company's stock valued at $295,000 after purchasing an additional 180 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in RTX by 21.2% in the fourth quarter. Vontobel Holding Ltd. now owns 36,346 shares of the company's stock worth $4,206,000 after purchasing an additional 6,350 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Citigroup dropped their target price on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $159.82.

RTX Trading Down 1.8%

Shares of NYSE RTX traded down $2.67 during trading hours on Wednesday, hitting $145.81. 7,005,387 shares of the company traded hands, compared to its average volume of 5,430,760. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company's 50 day moving average price is $132.34 and its 200 day moving average price is $126.91. The stock has a market capitalization of $194.80 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63. RTX Corporation has a 12 month low of $99.07 and a 12 month high of $149.56.

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

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. RTX's dividend payout ratio is 79.77%.

Insider Activity

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

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.