RTX Corporation (NYSE:RTX) Shares Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. lifted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 71.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,440 shares of the company's stock after buying an additional 2,265 shares during the period. Total Wealth Planning & Management Inc.'s holdings in RTX were worth $721,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. LaFleur & Godfrey LLC raised its position in RTX by 0.5% during 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 raised its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in 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 period. Lake Street Advisors Group LLC boosted its holdings in RTX by 1.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 11,764 shares of the company's stock valued at $1,361,000 after purchasing an additional 162 shares during the last quarter. Finally, Simmons Bank grew its position in RTX by 6.1% during the 4th quarter. Simmons Bank now owns 29,599 shares of the company's stock worth $3,425,000 after purchasing an additional 1,695 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Susquehanna decreased their price target on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.12.

Insider Buying and Selling

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 transaction, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the 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 completion of the sale, the executive vice president now directly owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

RTX Stock Up 1.0%

NYSE RTX opened at $142.74 on Friday. RTX Corporation has a one year low of $99.07 and a one year high of $149.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business has a fifty day moving average price of $134.55 and a 200 day moving average price of $128.11. The company has a market cap of $190.69 billion, a P/E ratio of 41.86, a P/E/G ratio of 2.56 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were given a dividend of $0.68 per share. 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 dividend on an annualized basis and a yield of 1.91%. RTX's dividend payout ratio (DPR) is presently 79.77%.

About RTX

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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