Hamilton Wealth LLC Purchases Shares of 4,278 RTX Co. (NYSE:RTX)

Hamilton Wealth LLC acquired a new position in shares of RTX Co. (NYSE:RTX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 4,278 shares of the company’s stock, valued at approximately $417,000.

A number of other large investors have also made changes to their positions in the stock. Bear Mountain Capital Inc. acquired a new stake in shares of RTX during the 4th quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of RTX in the fourth quarter valued at $38,000. Fairman Group LLC bought a new position in shares of RTX in the fourth quarter valued at about $38,000. Beaird Harris Wealth Management LLC lifted its position in RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after buying an additional 139 shares in the last quarter. Finally, USA Financial Formulas increased its position in RTX by 510.3% in the 4th quarter. USA Financial Formulas now owns 476 shares of the company’s stock valued at $40,000 after acquiring an additional 398 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock traded down $0.30 during trading hours on Friday, reaching $116.44. The stock had a trading volume of 4,578,404 shares, compared to its average volume of 6,574,825. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a 50-day simple moving average of $105.54 and a 200 day simple moving average of $99.28. The stock has a market capitalization of $154.81 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $118.30.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. Analysts predict that RTX Co. will post 5.44 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.16%. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Analyst Ratings Changes

Several research firms have issued reports on RTX. Citigroup upped their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna lifted their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $153.47.

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other RTX news, insider Stephen J. Timm sold 19,880 shares of the company’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 directly owns 149,050 shares in the company, valued at $15,757,566. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. Insiders sold 198,213 shares of company stock worth $22,963,593 over the last three months. Insiders own 0.13% 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.