LexAurum Advisors LLC Buys 179 Shares of RTX Co. (NYSE:RTX)

LexAurum Advisors LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,076 shares of the company’s stock after acquiring an additional 179 shares during the period. LexAurum Advisors LLC’s holdings in RTX were worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. National Pension Service raised its holdings in shares of RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company’s stock valued at $330,910,000 after acquiring an additional 375,781 shares in the last quarter. Deutsche Bank AG grew its stake in shares of RTX by 46.0% in the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock worth $344,075,000 after acquiring an additional 936,953 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of RTX in the fourth quarter worth $3,356,000. Thoroughbred Financial Services LLC boosted its position in shares of RTX by 43.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company’s stock valued at $3,046,000 after buying an additional 7,987 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of RTX by 6.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 562,753 shares of the company’s stock valued at $65,278,000 after buying an additional 32,024 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm’s 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 transaction, the executive vice president now owns 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a research note on Friday, April 25th. Cowen reissued a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Finally, Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $159.82.

RTX Trading Up 0.1%

Shares of NYSE RTX opened at $139.21 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $185.98 billion, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a 1-year low of $99.07 and a 1-year high of $140.65. The business has a fifty day moving average price of $129.63 and a 200 day moving average price of $125.80.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. Equities research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 1.95%. RTX’s dividend payout ratio (DPR) is 79.77%.

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.