RTX Co. (NYSE:RTX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in RTX Co. (NYSE:RTX - Free Report) by 739.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,081 shares of the company's stock after purchasing an additional 24,737 shares during the period. Quantbot Technologies LP's holdings in RTX were worth $3,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after buying an additional 508,344 shares during the period. Fisher Asset Management LLC grew its holdings in RTX by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after purchasing an additional 576,214 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 worth $1,185,832,000 after purchasing an additional 151,474 shares during the period. Bank of New York Mellon Corp lifted its stake in RTX by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,806,866 shares of the company's stock worth $1,134,851,000 after purchasing an additional 549,814 shares during the last quarter. Finally, Amundi boosted its position in shares of RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after buying an additional 2,854,928 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

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RTX Stock Up 0.6 %

Shares of RTX stock traded up $0.76 during mid-day trading on Tuesday, hitting $135.45. 2,051,690 shares of the stock traded hands, compared to its average volume of 5,370,216. The stock's fifty day moving average is $127.48 and its two-hundred day moving average is $122.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 52-week low of $95.27 and a 52-week high of $135.74. The stock has a market cap of $180.84 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is presently 70.99%.

Insider Buying and Selling at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm'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 transaction, the executive vice president now directly owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RTX. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group raised shares of RTX from a "neutral" rating to a "buy" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Four equities research 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 stock. Based on data from MarketBeat, RTX presently has a consensus 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.