RTX Co. (NYSE:RTX) Shares Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP grew its position in RTX Co. (NYSE:RTX - Free Report) by 39.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,684 shares of the company's stock after buying an additional 2,161 shares during the period. Oxford Asset Management LLP's holdings in RTX were worth $889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of RTX in the 4th quarter worth $1,745,644,000. T. Rowe Price Investment Management Inc. boosted its holdings in RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after acquiring an additional 3,164,844 shares in the last quarter. Amundi grew its stake in shares of RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after acquiring an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after acquiring an additional 2,094,834 shares in the last quarter. Finally, Capital Wealth Planning LLC purchased a new position in shares of RTX in the 4th quarter valued at approximately $216,340,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. Citigroup lowered their price objective on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and increased their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $161.38.

RTX Price Performance

Shares of RTX traded up $3.46 during mid-day trading on Friday, hitting $125.43. 6,204,846 shares of the company were exchanged, compared to its average volume of 5,505,094. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The stock has a market cap of $167.46 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a 50 day moving average of $128.31 and a 200-day moving average of $123.75.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. Analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid 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 2.01%. RTX's dividend payout ratio is presently 73.90%.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety 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.