RTX Co. (NYSE:RTX) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in RTX Co. (NYSE:RTX - Free Report) by 46.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,150 shares of the company's stock after acquiring an additional 39,891 shares during the quarter. Mizuho Securities USA LLC's holdings in RTX were worth $14,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Quantbot Technologies LP grew its position in RTX by 739.7% during the 4th quarter. Quantbot Technologies LP now owns 28,081 shares of the company's stock worth $3,250,000 after purchasing an additional 24,737 shares during the last quarter. Sciencast Management LP grew its holdings in shares of RTX by 13.9% during the fourth quarter. Sciencast Management LP now owns 26,360 shares of the company's stock worth $3,050,000 after buying an additional 3,213 shares during the last quarter. Summit Global Investments acquired a new position in RTX in the 4th quarter valued at about $614,000. Millstone Evans Group LLC purchased a new stake in RTX during the 4th quarter valued at approximately $39,000. Finally, Washington Trust Bank lifted its position in RTX by 86.0% during the 4th quarter. Washington Trust Bank now owns 3,217 shares of the company's stock worth $372,000 after acquiring an additional 1,487 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Royal Bank of Canada increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price objective on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Four 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $166.40.

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RTX Price Performance

Shares of RTX traded up $0.42 during mid-day trading on Tuesday, reaching $135.11. 1,223,208 shares of the company's stock were exchanged, compared to its average volume of 5,370,216. RTX Co. has a 52-week low of $95.27 and a 52-week high of $135.74. 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 50-day simple moving average of $127.48 and a two-hundred day simple moving average of $122.66. The company has a market cap of $180.38 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results 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%. On average, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. RTX's dividend payout ratio is currently 70.99%.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. Insiders own 0.15% of the company's stock.

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.