RTX Corporation (NYSE:RTX) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,646 shares of the company’s stock after purchasing an additional 20,005 shares during the quarter. Wealthfront Advisers LLC’s holdings in RTX were worth $16,511,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of RTX by 65.5% in the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,568 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 265 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of RTX by 0.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 81,470 shares of the company’s stock worth $9,428,000 after acquiring an additional 664 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction that occurred 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 owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 16,538 shares of the company’s stock, 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. 0.15% of the stock is owned by corporate insiders.

RTX Trading Up 1.8%

Shares of RTX stock opened at $149.47 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 1 year low of $101.52 and a 1 year high of $150.22. The stock has a fifty day moving average of $139.16 and a two-hundred day moving average of $130.49. The firm has a market capitalization of $199.68 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.82%. RTX’s dividend payout ratio is presently 79.77%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. Cowen reissued a “buy” rating on shares of RTX in a research report on Friday, May 23rd. UBS Group upped their price target on RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, The Goldman Sachs Group raised their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.61.

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.