4,292 Shares in RTX Co. (NYSE:RTX) Acquired by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV bought a new position in RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,292 shares of the company's stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CX Institutional grew its stake in 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 in the last quarter. National Pension Service increased 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 valued at $330,910,000 after buying an additional 375,781 shares during the period. LRI Investments LLC lifted its position in RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after buying an additional 4,732 shares in the last quarter. Czech National Bank boosted its stake in shares of RTX by 6.5% during the 4th 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 period. Finally, Archer Investment Corp grew its holdings in shares of RTX by 370.3% during the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. 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 three months. Company insiders own 0.15% of the company's stock.

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RTX Stock Performance

NYSE RTX traded up $0.45 during trading on Wednesday, hitting $133.30. The company's stock had a trading volume of 3,349,299 shares, compared to its average volume of 5,615,515. RTX Co. has a 52 week low of $97.03 and a 52 week high of $136.17. The firm has a market cap of $177.97 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The firm has a 50 day moving average price of $129.13 and a 200 day moving average price of $123.31. 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 released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RTX. 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. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.40.

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.