RTX Corporation (NYSE:RTX) Shares Acquired by Trajan Wealth LLC

Trajan Wealth LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 16.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,419 shares of the company’s stock after acquiring an additional 763 shares during the period. Trajan Wealth LLC’s holdings in RTX were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the 1st quarter worth about $26,000. 10Elms LLP acquired a new stake in shares of RTX during the 4th quarter worth about $29,000. Greenline Partners LLC acquired a new stake in shares of RTX during the 4th quarter worth about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of RTX during the 4th quarter worth about $43,000. Finally, McClarren Financial Advisors Inc. purchased a new position in RTX during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $154.84 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a fifty day moving average price of $148.22 and a 200 day moving average price of $135.73. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79. The company has a market cap of $207.25 billion, a PE ratio of 34.03, a P/E/G ratio of 2.85 and a beta of 0.69.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. RTX’s dividend payout ratio (DPR) is presently 59.78%.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,935 shares of company stock valued at $5,938,488 in the last three months. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RTX shares. The Goldman Sachs Group raised their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price target on the stock in a research note on Friday, April 25th. UBS Group raised their price target on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, Barclays raised their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.67.

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.