Warther Private Wealth LLC Purchases 245 Shares of RTX Co. (NYSE:RTX)

Warther Private Wealth LLC boosted its position in RTX Co. (NYSE:RTX) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,372 shares of the company’s stock after acquiring an additional 245 shares during the period. Warther Private Wealth LLC’s holdings in RTX were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of RTX in the fourth quarter worth about $29,000. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management raised its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new stake in RTX in the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new stake in RTX in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 3.2%

NYSE RTX opened at $145.47 on Monday. RTX Co. has a 12 month low of $99.07 and a 12 month high of $149.10. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $131.41 and its 200-day moving average price is $126.58. The stock has a market cap of $194.34 billion, a P/E ratio of 40.98, a P/E/G ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were given a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This is a boost from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.87%. RTX’s dividend payout ratio is 79.77%.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX 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 now directly owns 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RTX has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Wells Fargo & Company increased their price target on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Morgan Stanley raised RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna reduced their target price on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $159.82.

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.