RTX Co. (NYSE:RTX) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 262,074 shares of the company's stock after purchasing an additional 88,604 shares during the period. Arrowstreet Capital Limited Partnership's holdings in RTX were worth $30,327,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management lifted its position 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 valued at $31,000 after buying an additional 265 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Modus Advisors LLC bought a new position in shares of RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX in the fourth quarter valued at approximately $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock traded down $3.01 during trading hours on Thursday, reaching $130.14. 4,598,452 shares of the company's stock were exchanged, compared to its average volume of 5,577,886. The business has a fifty day moving average of $129.21 and a two-hundred day moving average of $123.36. The company has a market capitalization of $173.75 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 1 year low of $97.90 and a 1 year high of $136.17.

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RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.94%. RTX's dividend payout ratio (DPR) is 70.99%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RTX. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Finally, Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $166.40.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 over the last quarter. 0.15% of the stock is currently owned by company insiders.

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.