D Orazio & Associates Inc. Purchases Shares of 2,503 RTX Co. (NYSE:RTX)

D Orazio & Associates Inc. acquired a new position in RTX Co. (NYSE:RTX) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,503 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also bought and sold shares of the company. RFG Advisory LLC grew its stake in shares of RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock worth $3,936,000 after purchasing an additional 19,779 shares during the last quarter. TCW Group Inc. acquired a new position in RTX in the fourth quarter worth approximately $1,912,000. Robinson Smith Wealth Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at $672,000. Mather Group LLC. lifted its position in shares of RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Rockline Wealth Management LLC bought a new stake in shares of RTX during the 4th quarter worth $2,438,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 1.1 %

Shares of RTX traded down $1.18 during midday trading on Thursday, reaching $103.81. 4,450,113 shares of the stock were exchanged, compared to its average volume of 7,410,278. The company has a market cap of $138.02 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 1.85 and a beta of 0.82. The firm has a 50 day simple moving average of $104.26 and a 200-day simple moving average of $97.26. RTX Co. has a 12-month low of $68.56 and a 12-month high of $108.65. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter last year, the firm earned $1.22 EPS. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that RTX Co. will post 5.4 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.43%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Insider Activity

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares in the company, valued at approximately $13,166,366.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction dated Friday, May 10th. The shares were 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 approximately $15,757,566. The disclosure for this sale can be found here. Insiders have sold a total of 119,937 shares of company stock valued at $12,256,952 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America upped their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna raised their target price on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. UBS Group lifted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Robert W. Baird boosted their target price on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.