RTX Co. (NYSE:RTX) Shares Acquired by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lifted its stake in RTX Co. (NYSE:RTX - Free Report) by 21.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,016 shares of the company's stock after purchasing an additional 3,735 shares during the period. Wealth Alliance Advisory Group LLC's holdings in RTX were worth $2,784,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. 10Elms LLP purchased a new stake in RTX in the 4th quarter valued at $29,000. Fairway Wealth LLC purchased a new position in RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management lifted its stake in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the period. Greenline Partners LLC acquired a new position in shares of RTX during the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in RTX in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on RTX shares. Citigroup reduced their price objective on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada dropped 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. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, 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. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $159.82.

RTX Stock Up 0.3%

RTX stock traded up $0.44 during midday trading on Thursday, hitting $138.99. The stock had a trading volume of 3,508,986 shares, compared to its average volume of 5,345,435. The firm has a market cap of $185.68 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 52-week low of $99.07 and a 52-week high of $139.37. The business has a 50-day moving average of $129.37 and a two-hundred day moving average of $125.48.

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

RTX Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, May 23rd. This is an increase 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%. RTX's payout ratio is 79.77%.

Insider Activity

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the 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 sale, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.