RTX Corporation (NYSE:RTX) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in RTX Corporation (NYSE:RTX) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 452,719 shares of the company’s stock after purchasing an additional 11,640 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in RTX were worth $59,967,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter valued at approximately $26,000. 10Elms LLP acquired a new stake in shares of RTX in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new position in RTX during the 4th quarter worth $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares during the last quarter. Finally, Greenline Partners LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.9%

Shares of RTX stock opened at $145.80 on Friday. RTX Corporation has a fifty-two week low of $99.42 and a fifty-two week high of $149.26. The business’s fifty day moving average is $136.83 and its two-hundred day moving average is $129.07. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $194.78 billion, a PE ratio of 42.76, a P/E/G ratio of 2.61 and a beta of 0.64.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.71% and a net margin of 5.63%. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX’s payout ratio is currently 79.77%.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company’s stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price objective on RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, Cowen reissued a “buy” rating on shares of RTX in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.12.

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.