RTX Co. (NYSE:RTX) Position Lifted by LexAurum Advisors LLC

LexAurum Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,076 shares of the company’s stock after acquiring an additional 179 shares during the quarter. LexAurum Advisors LLC’s holdings in RTX were worth $1,070,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. 10Elms LLP bought a new position in shares of RTX in the 4th quarter worth about $29,000. Fairway Wealth LLC bought a new position in shares of RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management lifted its position in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares during the last quarter. Greenline Partners LLC bought a new position in shares of RTX in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX in the 4th quarter worth about $39,000. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The stock was 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 of the company’s stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now owns 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RTX. Cowen reaffirmed a “buy” rating on shares of RTX in a report on Friday, May 23rd. Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. Citigroup dropped their price objective on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna dropped their price objective on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $159.82.

RTX Trading Up 0.1%

Shares of RTX stock opened at $139.21 on Friday. The firm has a 50-day moving average of $129.63 and a 200-day moving average of $125.80. The stock has a market cap of $185.98 billion, a PE ratio of 39.21, a PEG ratio of 2.11 and a beta of 0.60. RTX Co. has a 52-week low of $99.07 and a 52-week high of $140.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS 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 the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s dividend 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.