RTX Co. (NYSE:RTX) Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its stake in RTX Co. (NYSE:RTX - Free Report) by 440.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,579 shares of the company's stock after acquiring an additional 15,956 shares during the quarter. Simplicity Wealth LLC's holdings in RTX were worth $2,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LaFleur & Godfrey LLC grew its stake in shares of RTX by 0.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after buying an additional 900 shares in the last quarter. Brighton Jones LLC grew its position in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares during the period. Empowered Funds LLC lifted its position in shares of RTX by 4.9% during the fourth quarter. Empowered Funds LLC now owns 84,372 shares of the company's stock worth $9,764,000 after purchasing an additional 3,966 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of RTX by 2.7% in the fourth quarter. Stephens Inc. AR now owns 102,133 shares of the company's stock valued at $11,819,000 after purchasing an additional 2,687 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

RTX traded down $2.46 during trading on Tuesday, hitting $138.52. 6,303,470 shares of the stock were exchanged, compared to its average volume of 5,374,820. The company has a quick ratio of 0.74, a current ratio of 0.99 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 stock has a fifty day moving average price of $129.78 and a two-hundred day moving average price of $125.98. The firm 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 announced its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current 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 paid a dividend of $0.68 per share. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.96%. RTX's dividend payout ratio is 79.77%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. UBS Group lifted their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Three research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $159.82.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 4,146 shares of the firm'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 completion of the sale, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's 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 transaction, the executive vice president now owns 16,538 shares in the company, valued at approximately $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 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.