Barnett & Company Inc. raised its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,395 shares of the company's stock after buying an additional 3,815 shares during the quarter. RTX comprises about 1.8% of Barnett & Company Inc.'s portfolio, making the stock its 17th biggest holding. Barnett & Company Inc.'s holdings in RTX were worth $2,707,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of RTX. Amundi grew its holdings in RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. Capital Wealth Planning LLC purchased a new position in RTX during the fourth quarter worth about $216,340,000. Vanguard Group Inc. boosted its holdings in RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of RTX by 19,052.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company's stock valued at $120,724,000 after buying an additional 1,037,792 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.
RTX Stock Up 0.9 %
NYSE:RTX traded up $1.15 during midday trading on Tuesday, reaching $135.84. The company had a trading volume of 3,989,259 shares, compared to its average volume of 5,370,782. 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 firm has a market capitalization of $181.36 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78. The stock's fifty day simple moving average is $127.81 and its 200-day simple moving average is $122.79. RTX Co. has a 12-month low of $95.58 and a 12-month high of $135.74.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.
RTX Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.
Insiders Place Their Bets
In related news, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction 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. The trade was a 25.14 % 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, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were 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 owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % 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 ninety days. Insiders own 0.15% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Morgan Stanley lifted their price target 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and an average target price of $166.40.
Get Our Latest Research Report on RTX
About RTX
(
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.
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