RTX Co. (NYSE:RTX) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its position in RTX Co. (NYSE:RTX - Free Report) by 105.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,195,166 shares of the company's stock after purchasing an additional 1,126,678 shares during the quarter. National Bank of Canada FI owned approximately 0.16% of RTX worth $254,025,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. Vanguard Group Inc. grew its position in shares of RTX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after acquiring an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC boosted its stake in RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC grew its position in RTX by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after purchasing an additional 576,214 shares during the last quarter. Franklin Resources Inc. increased its stake in RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after purchasing an additional 603,159 shares during the period. Finally, Norges Bank purchased a new stake in shares of RTX in the fourth quarter valued at about $1,745,644,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

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Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. Susquehanna raised their price target on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. 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. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $166.40.

RTX Price Performance

Shares of RTX traded down $9.15 during trading hours on Friday, reaching $121.09. 3,063,472 shares of the company traded hands, compared to its average volume of 4,974,354. The stock has a market capitalization of $161.66 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The stock has a fifty day simple moving average of $129.21 and a 200 day simple moving average of $123.36. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. 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 (NYSE:RTX - Get Free Report) last issued its quarterly 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 net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.08%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In related news, 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 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 trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 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.