Jump Financial LLC Takes $4.51 Million Position in RTX Co. (NYSE:RTX)

Jump Financial LLC purchased a new position in RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,937 shares of the company's stock, valued at approximately $4,506,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Morse Asset Management Inc bought a new position in RTX during the third quarter valued at approximately $321,000. Tudor Financial Inc. purchased a new position in RTX in the 3rd quarter worth $797,000. World Investment Advisors LLC lifted its stake in RTX by 37.1% in the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock worth $4,944,000 after purchasing an additional 11,033 shares during the last quarter. Sfmg LLC grew its stake in shares of RTX by 4.7% during the third quarter. Sfmg LLC now owns 73,978 shares of the company's stock valued at $8,963,000 after buying an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of RTX by 365.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock worth $13,962,000 after buying an additional 90,499 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RTX shares. Susquehanna lifted 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. Morgan Stanley increased 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. Bank of America boosted their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their price objective on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.27.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of RTX stock traded down $0.37 during trading hours on Friday, reaching $128.89. 5,208,962 shares of the company's stock were exchanged, compared to its average volume of 5,483,696. The business has a fifty day moving average of $128.59 and a two-hundred day moving average of $123.83. 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 company has a market capitalization of $172.07 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. As a group, research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 1.96%. RTX's payout ratio is currently 70.99%.

RTX 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.