Global Financial Private Client LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Global Financial Private Client LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,526 shares of the company’s stock after buying an additional 90 shares during the quarter. Global Financial Private Client LLC’s holdings in RTX were worth $864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. LaFleur & Godfrey LLC boosted its position in shares of RTX by 0.5% during the fourth 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 period. Brighton Jones LLC boosted its holdings in RTX by 24.3% during 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 during the period. KBC Group NV boosted its holdings in RTX by 3.3% during the 4th quarter. KBC Group NV now owns 108,768 shares of the company’s stock valued at $12,587,000 after acquiring an additional 3,471 shares during the period. Revolve Wealth Partners LLC boosted its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the period. Finally, SteelPeak Wealth LLC grew its holdings in shares of RTX by 12.7% in the fourth quarter. SteelPeak Wealth LLC now owns 5,476 shares of the company’s stock valued at $634,000 after purchasing an additional 615 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the business’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 directly owns 9,546 shares of the company’s stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. UBS Group raised their price target on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a report on Friday, April 25th. Finally, Benchmark upgraded RTX from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $159.82.

RTX Stock Up 1.5%

Shares of NYSE RTX opened at $134.84 on Friday. The company has a market capitalization of $180.14 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business has a 50-day moving average of $129.08 and a two-hundred day moving average of $125.03. RTX Co. has a 1 year low of $99.07 and a 1 year high of $139.92.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal 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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is currently 79.77%.

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.