RTX Co. (NYSE:RTX) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its position in RTX Co. (NYSE:RTX - Free Report) by 49.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,119 shares of the company's stock after purchasing an additional 3,345 shares during the quarter. Accurate Wealth Management LLC's holdings in RTX were worth $1,298,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. National Pension Service boosted 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 buying an additional 375,781 shares in the last quarter. Deutsche Bank AG raised its stake in shares of RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after acquiring an additional 936,953 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in shares of RTX during the 4th quarter valued at about $3,356,000. Thoroughbred Financial Services LLC lifted its holdings in RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after buying an additional 7,987 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in RTX by 6.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company's stock valued at $65,278,000 after purchasing an additional 32,024 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

RTX Stock Performance

Shares of RTX stock traded down $2.46 during trading on Tuesday, reaching $138.52. 6,303,470 shares of the company's stock traded hands, compared to its average volume of 5,374,821. The firm's 50-day moving average is $129.78 and its 200 day moving average is $125.98. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 1 year low of $99.07 and a 1 year high of $141.33. The company has a market capitalization of $185.06 billion, a P/E ratio of 39.02, a PEG ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio is currently 79.77%.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Citigroup reduced their price objective on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of "Buy" and an average target price of $159.82.

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.