2,605 Shares in RTX Co. (NYSE:RTX) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,605 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% in the fourth 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. Modus Advisors LLC bought a new stake in RTX in the fourth quarter valued at $39,000. Millstone Evans Group LLC acquired a new position in shares of RTX during the fourth quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other RTX news, 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 transaction of $3,569,126.44. Following the sale, the chief executive officer now 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 legal filing with the SEC, which is available through this link. Also, 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 value of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, 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. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on RTX shares. Susquehanna upped 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 raised RTX from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Four research 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 stock. According to MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average target price of $166.40.

RTX Stock Performance

RTX stock traded down $1.75 during mid-day trading on Friday, reaching $131.68. 3,934,907 shares of the company's stock were exchanged, compared to its average volume of 5,648,342. The business's fifty day simple moving average is $128.59 and its 200 day simple moving average is $123.03. 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 one year low of $97.03 and a one year 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.

RTX (NYSE:RTX - Get Free Report) last released its earnings results 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 return on equity of 12.45% and a net margin of 5.91%. On average, sell-side 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. Investors of record on Friday, February 21st were issued a $0.63 dividend. 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 1.91%. RTX's dividend payout ratio (DPR) is presently 70.99%.

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.