RTX Co. (NYSE:RTX) Shares Purchased by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. boosted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 231,200 shares of the company's stock after buying an additional 27,300 shares during the period. RTX accounts for 1.0% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 23rd largest position. Adams Diversified Equity Fund Inc.'s holdings in RTX were worth $26,754,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in RTX by 1.4% in the third quarter. Avior Wealth Management LLC now owns 8,134 shares of the company's stock valued at $980,000 after acquiring an additional 114 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in RTX by 20.7% in the third quarter. Segall Bryant & Hamill LLC now owns 118,758 shares of the company's stock valued at $14,389,000 after purchasing an additional 20,385 shares during the period. Jennison Associates LLC lifted its stake in shares of RTX by 15.3% in the 3rd quarter. Jennison Associates LLC now owns 520,742 shares of the company's stock valued at $63,093,000 after purchasing an additional 69,285 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in shares of RTX by 2.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 90,700 shares of the company's stock worth $10,989,000 after purchasing an additional 2,400 shares during the period. Finally, Intech Investment Management LLC increased its position in shares of RTX by 32.7% during the 3rd quarter. Intech Investment Management LLC now owns 50,497 shares of the company's stock worth $6,118,000 after purchasing an additional 12,445 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on RTX. Morgan Stanley upped their target price on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank of Canada lifted their target price on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

RTX Stock Up 0.9 %

Shares of RTX stock traded up $1.15 on Tuesday, reaching $135.84. 3,989,259 shares of the company were exchanged, compared to its average volume of 5,370,216. The stock's 50 day moving average price is $127.48 and its 200-day moving average price is $122.66. The company has a market cap of $181.36 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 1-year low of $95.27 and a 1-year high of $135.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is 70.99%.

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.