Border to Coast Pensions Partnership Ltd Acquires 14,487 Shares of RTX Co. (NYSE:RTX)

Border to Coast Pensions Partnership Ltd raised its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,585 shares of the company's stock after acquiring an additional 14,487 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in RTX were worth $41,024,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RTX. Alaska Permanent Fund Corp purchased a new stake in shares of RTX during the first quarter valued at approximately $42,000. Northwest Investment Counselors LLC bought a new stake in shares of RTX during the 1st quarter worth $169,000. Global Assets Advisory LLC purchased a new position in shares of RTX in the 1st quarter worth about $7,523,000. CGN Advisors LLC grew its position in RTX by 3.8% during the first quarter. CGN Advisors LLC now owns 29,211 shares of the company's stock valued at $2,849,000 after buying an additional 1,058 shares during the period. Finally, Strategic Planning Group LLC increased its holdings in RTX by 17.6% during the first quarter. Strategic Planning Group LLC now owns 29,298 shares of the company's stock worth $2,857,000 after buying an additional 4,391 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the company's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the transaction, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company's stock, valued at approximately $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock valued at $20,861,880 over the last 90 days. 0.13% of the stock is owned by insiders.

RTX Price Performance

RTX stock traded down $0.02 during midday trading on Monday, hitting $125.90. 4,728,025 shares of the company's stock were exchanged, compared to its average volume of 6,786,306. The stock has a 50-day moving average price of $120.91 and a two-hundred day moving average price of $110.55. RTX Co. has a 52-week low of $72.52 and a 52-week high of $127.00. The company has a market cap of $167.38 billion, a P/E ratio of 49.22, a PEG ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company had revenue of $19.72 billion for the quarter, compared to analysts' expectations of $19.29 billion. During the same period in the prior year, the business earned $1.29 earnings per share. RTX's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.45 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.00%. RTX's dividend payout ratio (DPR) is presently 98.82%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RTX. Melius Research increased their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Bank of America raised RTX from a "neutral" rating to a "buy" rating and raised their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. TD Cowen raised RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Alembic Global Advisors raised RTX from a "neutral" rating to an "overweight" rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of "Hold" and a consensus target price of $162.50.

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.