15,154 Shares in RTX Co. (NYSE:RTX) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,154 shares of the company's stock, valued at approximately $1,754,000.

A number of other institutional investors also recently bought and sold shares of RTX. CX Institutional grew its stake in shares of RTX by 21.9% during 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 period. National Pension Service boosted its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after purchasing an additional 375,781 shares during the period. LRI Investments LLC grew its holdings in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after buying an additional 4,732 shares in the last quarter. Czech National Bank raised its position in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after buying an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after buying an additional 4,151 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RTX shares. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their target price on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.40.

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Insider Buying and Selling at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of RTX 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 transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 over the last quarter. 0.15% of the stock is currently owned by company insiders.

RTX Trading Up 0.3 %

RTX stock traded up $0.39 during trading on Tuesday, reaching $132.85. 4,798,756 shares of the company were exchanged, compared to its average volume of 5,644,465. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock's 50 day simple moving average is $128.82 and its two-hundred day simple moving average is $123.15. The company has a market capitalization of $177.36 billion, a P/E ratio of 37.42, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 52-week low of $97.03 and a 52-week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced 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 yield of 1.90%. RTX's dividend payout ratio (DPR) is 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.