Traveka Wealth LLC Purchases 97 Shares of RTX Corporation (NYSE:RTX)

Traveka Wealth LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,886 shares of the company’s stock after acquiring an additional 97 shares during the period. Traveka Wealth LLC’s holdings in RTX were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. lifted its holdings in RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock valued at $1,401,000 after purchasing an additional 79 shares in the last quarter. Guardian Wealth Advisors LLC NC lifted its holdings in RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company’s stock valued at $576,000 after purchasing an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares in the last quarter. CLG LLC lifted its holdings in RTX by 2.3% during the first quarter. CLG LLC now owns 3,686 shares of the company’s stock valued at $488,000 after purchasing an additional 83 shares in the last quarter. Finally, 49 Wealth Management LLC lifted its holdings in RTX by 3.3% during the fourth quarter. 49 Wealth Management LLC now owns 2,609 shares of the company’s stock valued at $302,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.9%

RTX stock opened at $145.80 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $99.42 and a twelve month high of $149.26. The stock has a market capitalization of $194.78 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The firm’s fifty day simple moving average is $137.24 and its two-hundred day simple moving average is $129.37.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. As a group, analysts anticipate 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 will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.87%. RTX’s dividend payout ratio (DPR) is 79.77%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Morgan Stanley raised shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a report on Wednesday, April 23rd. Citigroup lowered their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, DZ Bank raised shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price target on the stock in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $161.12.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

RTX 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.