RTX Co. (NYSE:RTX) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,428 shares of the company's stock after buying an additional 2,334 shares during the period. Integrated Wealth Concepts LLC's holdings in RTX were worth $6,761,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Morse Asset Management Inc purchased a new stake in shares of RTX during the 3rd quarter worth $321,000. Tudor Financial Inc. acquired a new stake in RTX in the third quarter valued at $797,000. World Investment Advisors LLC lifted its holdings in RTX by 37.1% during the 3rd quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock worth $4,944,000 after buying an additional 11,033 shares during the last quarter. Sfmg LLC boosted its position in shares of RTX by 4.7% during the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company's stock worth $8,963,000 after acquiring an additional 3,306 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of RTX by 365.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock valued at $13,962,000 after acquiring an additional 90,499 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a report on Friday. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Thursday. Three 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. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $161.38.

RTX Stock Performance

Shares of RTX stock traded up $3.46 during trading hours on Friday, hitting $125.43. 6,204,846 shares of the company were exchanged, compared to its average volume of 5,505,094. The business has a 50-day moving average of $128.31 and a 200-day moving average of $123.75. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $167.46 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is 73.90%.

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.