Contravisory Investment Management Inc. boosted its stake in RTX Co. (NYSE:RTX - Free Report) by 27,033.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,070 shares of the company's stock after purchasing an additional 4,055 shares during the period. Contravisory Investment Management Inc.'s holdings in RTX were worth $539,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Accel Wealth Management increased its holdings in RTX by 65.1% in the 1st quarter. Accel Wealth Management now owns 15,174 shares of the company's stock valued at $2,010,000 after purchasing an additional 5,984 shares during the last quarter. Apella Capital LLC increased its holdings in RTX by 111.7% in the 1st quarter. Apella Capital LLC now owns 4,975 shares of the company's stock valued at $639,000 after purchasing an additional 2,625 shares during the last quarter. Smith Anglin Financial LLC acquired a new stake in RTX in the 1st quarter valued at approximately $217,000. RFG Advisory LLC grew its stake in shares of RTX by 0.5% in the first quarter. RFG Advisory LLC now owns 19,996 shares of the company's stock worth $2,649,000 after acquiring an additional 95 shares in the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in shares of RTX by 4.9% in the first quarter. Capital Asset Advisory Services LLC now owns 29,351 shares of the company's stock worth $3,908,000 after acquiring an additional 1,369 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.
Insider Activity
In other news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated 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 directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president now directly owns 16,538 shares of the company's stock, valued at $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. Corporate insiders own 0.15% of the company's stock.
RTX Stock Performance
RTX traded up $0.14 on Friday, reaching $139.21. The company had a trading volume of 4,509,961 shares, compared to its average volume of 5,364,148. RTX Co. has a 1 year low of $99.07 and a 1 year high of $140.65. The stock has a market capitalization of $185.98 billion, a PE ratio of 39.21, a P/E/G ratio of 2.11 and a beta of 0.63. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $129.63 and a 200-day moving average price of $125.84.
RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 1.95%. RTX's payout ratio is 79.77%.
Wall Street Analyst Weigh In
RTX has been the subject of several research reports. Susquehanna dropped their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Finally, Citigroup dropped their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $159.82.
View Our Latest Report on RTX
RTX Company Profile
(
Free Report)
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.
Read More
Before you consider RTX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RTX wasn't on the list.
While RTX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
