Caisse Des Depots ET Consignations Invests $8.19 Million in RTX Co. (NYSE:RTX)

Caisse Des Depots ET Consignations bought a new stake in RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 70,762 shares of the company's stock, valued at approximately $8,189,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management increased its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the period. Millstone Evans Group LLC acquired a new stake in RTX in the fourth quarter valued at approximately $39,000. Modus Advisors LLC acquired a new stake in shares of RTX in the 4th quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the fourth quarter worth $40,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the 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 sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RTX. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Susquehanna raised their price target on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.40.

RTX Price Performance

RTX stock traded down $1.75 during midday trading on Friday, reaching $131.68. The company's stock had a trading volume of 3,934,907 shares, compared to its average volume of 5,648,342. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $97.03 and a fifty-two week high of $136.17. The firm has a market capitalization of $175.81 billion, a PE ratio of 37.09, a P/E/G ratio of 2.11 and a beta of 0.78. The stock's 50 day simple moving average is $128.59 and its 200 day simple moving average is $123.03.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued 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 1.91%. RTX's dividend payout ratio is presently 70.99%.

About RTX

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.