O Shaughnessy Asset Management LLC Purchases 78,102 Shares of RTX Co. (NYSE:RTX)

O Shaughnessy Asset Management LLC boosted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,488 shares of the company's stock after acquiring an additional 78,102 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in RTX were worth $61,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management lifted its holdings in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the period. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Millstone Evans Group LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in RTX in the fourth quarter worth $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE:RTX traded up $0.84 during midday trading on Monday, reaching $132.56. 5,519,690 shares of the company were exchanged, compared to its average volume of 5,647,833. The stock has a market cap of $176.97 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The business's fifty day moving average is $128.59 and its two-hundred day moving average is $123.06. RTX Co. has a one year low of $97.03 and a one year 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.

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RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.90%. RTX's payout ratio is presently 70.99%.

Insider Buying and Selling

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business'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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last three months. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RTX shares. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and raised their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $166.40.

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.