Accurate Wealth Management LLC Has $1.68 Million Stock Position in RTX Corporation $RTX

Accurate Wealth Management LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 13.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,447 shares of the company’s stock after purchasing an additional 1,328 shares during the quarter. Accurate Wealth Management LLC’s holdings in RTX were worth $1,676,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the 1st quarter worth about $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter worth about $44,000. Capital A Wealth Management LLC acquired a new stake in shares of RTX during the 4th quarter worth about $45,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RTX shares. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Bank of America raised their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, UBS Group raised their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

RTX Stock Up 0.6%

Shares of NYSE:RTX opened at $160.32 on Wednesday. RTX Corporation has a one year low of $112.27 and a one year high of $161.40. The company has a 50 day moving average of $156.30 and a 200-day moving average of $142.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market cap of $214.59 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 2.94 and a beta of 0.67.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the company earned $1.41 EPS. RTX’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX’s dividend payout ratio (DPR) is presently 59.78%.

About RTX

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.