RTX Corporation (NYSE:RTX) Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV raised its position in RTX Corporation (NYSE:RTX) by 10.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,471 shares of the company’s stock after purchasing an additional 1,092 shares during the period. Creative Financial Designs Inc. ADV’s holdings in RTX were worth $1,519,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in RTX during the fourth quarter worth about $1,745,644,000. GAMMA Investing LLC increased its stake in shares of RTX by 14,838.5% during the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company’s stock worth $551,460,000 after purchasing an additional 4,135,349 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock worth $1,216,063,000 after purchasing an additional 3,164,844 shares during the last quarter. Amundi grew its holdings in RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company’s stock valued at $728,964,000 after buying an additional 2,854,928 shares during the last quarter. Finally, Capital Wealth Planning LLC acquired a new stake in RTX during the 4th quarter valued at $216,340,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president now directly owns 16,538 shares in the company, 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 insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Susquehanna reduced their target price on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. DZ Bank raised shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a research note on Friday, April 25th. Finally, Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $161.12.

RTX Stock Up 1.0%

RTX opened at $142.74 on Friday. RTX Corporation has a 1 year low of $99.07 and a 1 year high of $149.26. The firm has a 50 day moving average price of $134.55 and a 200 day moving average price of $128.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market cap of $190.69 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.63.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were given a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This is a positive change from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.91%. 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.