2,613 Shares in RTX Co. (NYSE:RTX) Acquired by Diametric Capital LP

Diametric Capital LP bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,613 shares of the company's stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional grew its position in shares of RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after buying an additional 11,706 shares in the last quarter. National Pension Service lifted its stake in RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after acquiring an additional 375,781 shares during the last quarter. LRI Investments LLC grew its holdings in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Czech National Bank increased its position in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in shares of RTX by 370.3% in the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after purchasing an additional 4,151 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock traded down $3.01 during trading on Thursday, hitting $130.14. The company had a trading volume of 4,598,452 shares, compared to its average volume of 5,611,505. The firm has a 50-day moving average price of $129.13 and a 200-day moving average price of $123.31. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $173.75 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 1-year low of $97.03 and a 1-year high of $136.17.

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RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business'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 sale, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was 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 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley boosted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.40.

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.