RTX Co. (NYSE:RTX) Shares Purchased by Exeter Financial LLC

Exeter Financial LLC boosted its position in RTX Co. (NYSE:RTX) by 4.1% during the first quarter, Holdings Channel.com reports. The fund owned 11,498 shares of the company’s stock after purchasing an additional 453 shares during the quarter. Exeter Financial LLC’s holdings in RTX were worth $1,142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RFG Advisory LLC lifted its position in shares of RTX by 96.1% during the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock worth $3,936,000 after purchasing an additional 19,779 shares during the last quarter. TCW Group Inc. acquired a new position in shares of RTX in the 4th quarter valued at about $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth about $672,000. Mather Group LLC. boosted its position in shares of RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Rockline Wealth Management LLC bought a new stake in shares of RTX during the 4th quarter worth $2,438,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.6 %

Shares of RTX stock traded down $0.63 on Thursday, hitting $100.63. The stock had a trading volume of 3,109,982 shares, compared to its average volume of 7,511,885. The stock has a 50 day moving average of $104.44 and a 200 day moving average of $95.30. The firm has a market capitalization of $133.79 billion, a P/E ratio of 39.71, a PEG ratio of 1.78 and a beta of 0.83. RTX Co. has a twelve month low of $68.56 and a twelve month high of $108.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. Sell-side analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.50%. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. TD Cowen lifted their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Citigroup lifted their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Bank of America boosted their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Susquehanna upped their price target on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.33.

Insiders Place Their Bets

In related news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the sale, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,937 shares of company stock valued at $12,256,952. Corporate insiders own 0.13% of the company’s stock.

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.