Qtron Investments LLC Sells 3,163 Shares of RTX Co. (NYSE:RTX)

Qtron Investments LLC lowered its stake in RTX Co. (NYSE:RTX - Free Report) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,996 shares of the company's stock after selling 3,163 shares during the period. Qtron Investments LLC's holdings in RTX were worth $1,967,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RTX. Morse Asset Management Inc acquired a new position in shares of RTX during the third quarter worth $321,000. Tudor Financial Inc. acquired a new position in RTX in the 3rd quarter valued at approximately $797,000. World Investment Advisors LLC lifted its holdings in shares of RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock worth $4,944,000 after purchasing an additional 11,033 shares during the period. Sfmg LLC raised its position in RTX by 4.7% during the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company's stock worth $8,963,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of RTX by 365.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock valued at $13,962,000 after buying an additional 90,499 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by insiders.

Remove Ads

RTX Trading Down 0.4 %

Shares of NYSE:RTX traded down $0.55 on Tuesday, reaching $128.59. 6,314,267 shares of the company traded hands, compared to its average volume of 5,502,574. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The business's 50-day simple moving average is $128.56 and its 200 day simple moving average is $123.68. The stock has a market capitalization of $171.68 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal 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 paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. RTX's payout ratio is currently 70.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their price target on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday. Susquehanna upped their price target on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

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.