Wealth Preservation Advisors LLC Acquires Shares of 2,865 RTX Corporation $RTX

Key Points

• Wealth Preservation Advisors LLC has acquired 2,865 shares in RTX Corporation, valued at approximately $379,000 as part of its new investment strategy during the first quarter.
• Analysts have given mixed ratings for RTX, with target prices ranging from $126.00 to $180.00, reflecting a general consensus of a "Moderate Buy."
• RTX recently declared a quarterly dividend of $0.68 per share, resulting in an annualized dividend yield of 1.7%.

Wealth Preservation Advisors LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,865 shares of the company's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Apexium Financial LP boosted its holdings in RTX by 2.2% in the first quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after acquiring an additional 78 shares during the last quarter. Guardian Wealth Advisors LLC NC boosted its holdings in RTX by 1.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after acquiring an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in RTX by 2.1% in the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after acquiring an additional 82 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after acquiring an additional 82 shares during the last quarter. Finally, CLG LLC boosted its holdings in RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after acquiring an additional 83 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group increased their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average target price of $158.67.

Insiders Place Their Bets

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,557 shares of company stock worth $11,275,816 in the last three months. 0.15% of the stock is owned by corporate insiders.

RTX Stock Down 1.2%

Shares of NYSE:RTX traded down $2.00 during trading on Friday, reaching $158.66. 3,773,937 shares of the stock were exchanged, compared to its average volume of 3,834,786. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The stock has a fifty day moving average of $152.20 and a two-hundred day moving average of $138.39. The firm has a market cap of $212.38 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.96 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. RTX's dividend payout ratio is presently 59.78%.

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.