Townsquare Capital LLC Purchases 8,502 Shares of RTX Co. (NYSE:RTX)

Townsquare Capital LLC lifted its stake in RTX Co. (NYSE:RTX - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 245,707 shares of the company's stock after buying an additional 8,502 shares during the period. Townsquare Capital LLC's holdings in RTX were worth $28,433,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in RTX during the third quarter worth about $321,000. Tudor Financial Inc. bought a new stake in RTX in the third quarter valued at $797,000. World Investment Advisors LLC raised its stake in shares of RTX by 37.1% in the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock valued at $4,944,000 after acquiring an additional 11,033 shares during the last quarter. Sfmg LLC grew 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 acquiring an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in RTX by 365.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock valued at $13,962,000 after purchasing an additional 90,499 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RTX shares. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup cut their price objective on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and increased their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.27.

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RTX Stock Performance

Shares of NYSE:RTX traded down $0.55 on Tuesday, hitting $128.59. The company had a trading volume of 6,314,279 shares, compared to its average volume of 5,502,574. The stock has a market cap of $171.68 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 2.11 and a beta of 0.58. 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 stock has a 50 day moving average price of $128.56 and a 200 day moving average price of $123.68. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17.

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, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared 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 1.96%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business's stock in a transaction 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 transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. Company insiders own 0.15% of the company's stock.

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.