RTX Corporation (NYSE:RTX) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP lifted its position in RTX Corporation (NYSE:RTX) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,785 shares of the company’s stock after acquiring an additional 1,765 shares during the period. Forum Financial Management LP’s holdings in RTX were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RTX. Pettee Investors Inc. acquired a new stake in shares of RTX during the 1st quarter valued at about $200,000. Kingsview Wealth Management LLC boosted its holdings in RTX by 42.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 45,469 shares of the company’s stock worth $6,023,000 after buying an additional 13,629 shares during the last quarter. Members Trust Co boosted its holdings in RTX by 21.3% in the 1st quarter. Members Trust Co now owns 3,451 shares of the company’s stock worth $457,000 after buying an additional 605 shares during the last quarter. Bailard Inc. boosted its holdings in RTX by 56.9% in the 1st quarter. Bailard Inc. now owns 7,063 shares of the company’s stock worth $936,000 after buying an additional 2,561 shares during the last quarter. Finally, Woodward Diversified Capital LLC boosted its holdings in RTX by 2.1% in the 1st quarter. Woodward Diversified Capital LLC now owns 5,096 shares of the company’s stock worth $675,000 after buying an additional 105 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 1.0%

Shares of NYSE RTX opened at $150.20 on Thursday. The firm has a market cap of $200.66 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.76 and a beta of 0.64. 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 52-week low of $102.62 and a 52-week high of $150.85. The business’s 50 day moving average is $140.44 and its two-hundred day moving average is $130.98.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.81%. RTX’s dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, April 15th. Wall Street Zen cut RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Morgan Stanley lifted their price objective on RTX from $135.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank Of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group boosted their target price on RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.28.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction 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 transaction, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 owned 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

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.