May Hill Capital LLC Buys Shares of 2,689 RTX Co. (NYSE:RTX)

May Hill Capital LLC bought a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,689 shares of the company's stock, valued at approximately $311,000.

Several other hedge funds have also made changes to their positions in RTX. Fairway Wealth LLC acquired a new stake in shares of RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management increased its stake in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the period. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter worth $39,000. Millstone Evans Group LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the fourth quarter valued at approximately $40,000. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. Susquehanna upped their price objective on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. UBS Group raised RTX from a "neutral" rating to a "buy" rating in a research report on Monday, March 24th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Argus upgraded RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus target price of $166.40.

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Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm's 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 approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the business's 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 directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

RTX traded up $0.45 during trading on Wednesday, hitting $133.30. The stock had a trading volume of 3,349,299 shares, compared to its average volume of 5,615,515. The firm has a market cap of $177.97 billion, a PE ratio of 37.55, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a 50 day simple moving average of $129.13 and a 200-day simple moving average of $123.31. RTX Co. has a 12 month low of $97.03 and a 12 month high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.89%. RTX's dividend 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.