Mariner LLC Increases Stake in RTX Co. (NYSE:RTX)

Mariner LLC raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 387,389 shares of the company's stock after purchasing an additional 12,778 shares during the period. Mariner LLC's holdings in RTX were worth $44,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RTX. Fairway Wealth LLC purchased a new stake in RTX during the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management increased its position 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 purchasing an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at $39,000. Millstone Evans Group LLC purchased a new position in RTX in the 4th quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the 4th quarter worth $40,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 0.3 %

RTX stock traded down $0.37 during trading on Friday, reaching $128.89. The stock had a trading volume of 5,208,962 shares, compared to its average volume of 5,483,696. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.17. The business has a 50 day moving average price of $128.59 and a 200 day moving average price of $123.83. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market cap of $172.07 billion, a PE ratio of 36.31, a P/E/G ratio of 2.11 and a beta of 0.58.

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

RTX Announces Dividend

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 dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.96%. RTX's dividend payout ratio is currently 70.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and increased their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Four 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.27.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

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.