Accurate Wealth Management LLC Has $1.30 Million Stock Holdings in RTX Co. (NYSE:RTX)

Accurate Wealth Management LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 49.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,119 shares of the company’s stock after buying an additional 3,345 shares during the period. Accurate Wealth Management LLC’s holdings in RTX were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. 10Elms LLP acquired a new stake in shares of RTX during the fourth quarter worth $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $31,000. Picton Mahoney Asset Management raised its stake 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 valued at $31,000 after purchasing an additional 265 shares during the period. Greenline Partners LLC bought a new position in shares of RTX during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $39,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.3%

Shares of RTX stock opened at $140.94 on Tuesday. RTX Co. has a 1 year low of $99.07 and a 1 year high of $141.33. The company has a market capitalization of $188.29 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.11 and a beta of 0.63. The business has a fifty day simple moving average of $129.78 and a two-hundred day simple moving average of $125.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. Research 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. Stockholders of record on Friday, May 23rd will be given 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 1.93%. RTX’s dividend payout ratio is presently 79.77%.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Citigroup reduced their price objective on shares of RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Three equities 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, RTX has a consensus rating of “Buy” and an average price target of $159.82.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now owns 16,538 shares of the company’s stock, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

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.