Dynamic Technology Lab Private Ltd Sells 5,476 Shares of RTX Co. (NYSE:RTX)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 26.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,019 shares of the company's stock after selling 5,476 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in RTX were worth $1,738,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RTX. Vanguard Group Inc. lifted its position in RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Geode Capital Management LLC raised its stake in shares of RTX by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after buying an additional 1,000,722 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after buying an additional 576,214 shares during the period. Franklin Resources Inc. boosted its stake in RTX by 3.8% during the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after buying an additional 603,159 shares in the last quarter. Finally, Norges Bank acquired a new position in RTX during the fourth quarter worth about $1,745,644,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 1.0 %

RTX stock traded up $1.26 during trading hours on Wednesday, hitting $121.72. The company's stock had a trading volume of 1,494,812 shares, compared to its average volume of 5,529,992. The company has a market capitalization of $162.50 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The stock has a 50 day moving average price of $128.65 and a two-hundred day moving average price of $123.40. 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 12 month low of $99.07 and a 12 month high of $136.17.

RTX (NYSE:RTX - Get Free Report) last posted 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 return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.07%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at 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 value of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares of the company's stock, 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 have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, UBS Group raised RTX from a "neutral" rating to a "buy" rating in a research report on Monday, March 24th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.07.

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.