RTX Co. (NYSE:RTX) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,633 shares of the company's stock after acquiring an additional 41,250 shares during the period. Federated Hermes Inc.'s holdings in RTX were worth $26,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of RTX. Fairway Wealth LLC acquired a new position in RTX in the 4th quarter valued at about $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $39,000. Millstone Evans Group LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RTX. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. 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 report on Thursday, January 2nd. Citigroup decreased their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.73.

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Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of the 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 transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 0.9 %

Shares of RTX stock traded up $1.17 during trading hours on Friday, reaching $128.24. The company had a trading volume of 3,654,021 shares, compared to its average volume of 5,504,953. The company has a market capitalization of $171.21 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. 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 twelve month low of $99.07 and a twelve month high of $136.17. The stock's fifty day simple moving average is $128.56 and its 200 day simple moving average is $123.62.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. As a group, sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX's payout ratio is currently 70.99%.

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.