RTX Co. (NYSE:RTX) Position Increased by AlphaCore Capital LLC

AlphaCore Capital LLC raised its position in shares of RTX Co. (NYSE:RTX) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,133 shares of the company’s stock after buying an additional 335 shares during the quarter. AlphaCore Capital LLC’s holdings in RTX were worth $1,635,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RTX. LaFleur & Godfrey LLC lifted its stake in RTX by 0.5% during 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. Traynor Capital Management Inc. lifted its position in shares of RTX by 19.3% in the fourth quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company’s stock worth $279,000 after purchasing an additional 390 shares in the last quarter. Red Door Wealth Management LLC lifted its position in shares of RTX by 2.6% in the fourth quarter. Red Door Wealth Management LLC now owns 8,415 shares of the company’s stock worth $974,000 after purchasing an additional 215 shares in the last quarter. New Century Financial Group LLC lifted its position in shares of RTX by 502.3% in the fourth quarter. New Century Financial Group LLC now owns 10,492 shares of the company’s stock worth $1,216,000 after purchasing an additional 8,750 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC lifted its position in shares of RTX by 10.1% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 4,766 shares of the company’s stock worth $577,000 after purchasing an additional 438 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTX shares. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, May 14th. Susquehanna reduced their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. UBS Group increased their price target 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, Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Three equities research 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $159.82.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction 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. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,946 shares of company stock worth $9,024,856. Insiders own 0.15% of the company’s stock.

RTX Trading Down 1.3%

Shares of RTX stock opened at $132.38 on Friday. RTX Co. has a 12 month low of $99.07 and a 12 month high of $138.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $129.13 and its two-hundred day moving average is $124.72. The company has a market cap of $176.85 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is an increase from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 2.05%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

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.