Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Purchases New Stake in RTX Co. (NYSE:RTX)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,540 shares of the company's stock, valued at approximately $10,709,000. RTX comprises 8.2% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s portfolio, making the stock its 5th largest position.

A number of other hedge funds also recently bought and sold shares of RTX. Vanguard Group Inc. increased its position in shares of RTX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Geode Capital Management LLC grew its stake in shares of RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock valued at $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC raised its holdings in shares of RTX by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after buying an additional 576,214 shares in the last quarter. Norges Bank bought a new position in shares of RTX during the 4th quarter worth approximately $1,745,644,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in RTX by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,247,429 shares of the company's stock valued at $1,185,832,000 after buying an additional 151,474 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

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RTX Stock Down 1.3 %

Shares of NYSE RTX traded down $1.75 during mid-day trading on Friday, hitting $131.68. The company had a trading volume of 3,934,907 shares, compared to its average volume of 5,648,342. RTX Co. has a one year low of $97.03 and a one year high of $136.17. The company has a market capitalization of $175.81 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $128.59 and a two-hundred day simple moving average of $123.03.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 1.91%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 completion of the sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % 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 90 days. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on RTX shares. Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Susquehanna upped their price target on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company upped their target price on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.40.

About RTX

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.