WealthShield Partners LLC Purchases New Holdings in RTX Co. (NYSE:RTX)

WealthShield Partners LLC purchased a new position in shares of RTX Co. (NYSE:RTX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,550 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds also recently made changes to their positions in RTX. Lynx Investment Advisory acquired a new stake in RTX in the second quarter worth about $26,000. Fairman Group LLC acquired a new position in shares of RTX during the 4th quarter valued at about $38,000. Beaird Harris Wealth Management LLC lifted its position in RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares during the last quarter. USA Financial Formulas boosted its stake in RTX by 510.3% during the 4th quarter. USA Financial Formulas now owns 476 shares of the company’s stock valued at $40,000 after purchasing an additional 398 shares during the period. Finally, True Wealth Design LLC grew its holdings in RTX by 758.9% in the 4th quarter. True Wealth Design LLC now owns 481 shares of the company’s stock valued at $40,000 after buying an additional 425 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Robert W. Baird boosted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Melius Research increased their price objective on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Royal Bank of Canada upped their target price on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Barclays raised their price objective on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and an average price target of $153.47.

Insider Activity

In related news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 17,570 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the sale, the executive vice president now directly owns 38,855 shares in the company, valued at $4,463,273.85. The disclosure for this sale can be found here. In the last three months, insiders sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 1.0 %

RTX traded up $1.21 on Wednesday, hitting $120.70. 2,359,185 shares of the company were exchanged, compared to its average volume of 7,161,153. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s fifty day moving average is $109.17 and its 200-day moving average is $102.71. The company has a market cap of $160.47 billion, a PE ratio of 47.53, a PEG ratio of 2.08 and a beta of 0.82. RTX Co. has a 12 month low of $68.56 and a 12 month high of $121.35.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. Equities research analysts predict that RTX Co. will post 5.45 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

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.