Machina Capital S.A.S. Makes New Investment in RTX Co. (NYSE:RTX)

Machina Capital S.A.S. acquired a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,323 shares of the company's stock, valued at approximately $1,310,000.

Other large investors have also recently made changes to their positions in the company. CX Institutional lifted its holdings in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after acquiring an additional 11,706 shares during the last quarter. National Pension Service lifted its stake in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. LRI Investments LLC lifted its stake in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management purchased a new position in shares of RTX in the 3rd quarter worth approximately $1,307,000. Finally, Czech National Bank increased its position in shares of RTX by 6.5% during 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. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.3 %

RTX stock traded down $0.36 during midday trading on Tuesday, hitting $128.16. 4,404,483 shares of the company's stock were exchanged, compared to its average volume of 5,609,011. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a market cap of $170.73 billion, a PE ratio of 36.10, a P/E/G ratio of 2.11 and a beta of 0.78. The firm has a 50-day moving average of $124.29 and a two-hundred day moving average of $121.90. RTX Co. has a 12 month low of $89.44 and a 12 month high of $135.36.

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RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.97%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Analysts Set New Price Targets

Several research firms have commented on RTX. Morgan Stanley lifted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Susquehanna boosted their target price on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Finally, Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $163.40.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % 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 worth $10,309,302. 0.13% of the stock is owned by corporate insiders.

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.