RTX Co. (NYSE:RTX) Holdings Increased by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,389 shares of the company’s stock after buying an additional 212 shares during the quarter. Tempus Wealth Planning LLC’s holdings in RTX were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bear Mountain Capital Inc. bought a new stake in shares of RTX in the 4th quarter worth approximately $25,000. Planned Solutions Inc. bought a new stake in shares of RTX in the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. raised its holdings in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of RTX in the 4th quarter worth approximately $38,000. Finally, Fairman Group LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $38,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.3 %

RTX traded up $0.33 on Thursday, reaching $100.74. 2,149,212 shares of the company traded hands, compared to its average volume of 6,524,184. The stock’s 50 day moving average price is $104.35 and its 200-day moving average price is $95.95. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65. The company has a market cap of $133.93 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share. On average, sell-side analysts expect that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is 98.82%.

Insiders Place Their Bets

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the sale, the insider now directly owns 149,050 shares of the company’s stock, valued at $15,757,566. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The disclosure for this sale can be found here. Insiders sold 119,937 shares of company stock valued at $12,256,952 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Citigroup boosted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their target price on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.33.

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.