RTX Co. (NYSE:RTX) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. cut its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,119,909 shares of the company's stock after selling 638,937 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.08% of RTX worth $129,596,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of RTX in the 3rd quarter worth $321,000. Tudor Financial Inc. acquired a new stake in RTX during the third quarter worth about $797,000. World Investment Advisors LLC raised its stake in 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 boosted its holdings in RTX by 4.7% in the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company's stock valued at $8,963,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of 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 buying an additional 90,499 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 9.6 %

RTX opened at $113.98 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market capitalization of $152.17 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.11 and a beta of 0.58. The business has a fifty day moving average price of $128.33 and a 200 day moving average price of $123.77. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given 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 dividend yield of 2.21%. RTX's dividend payout ratio (DPR) is currently 70.99%.

Analysts Set New Price Targets

A number of research firms recently commented on RTX. Susquehanna upped their price objective on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $165.27.

Insider Buying and Selling

In related news, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred 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 owns 81,508 shares in the company, valued at $10,625,382.88. The trade was 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 through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the 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 completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company's stock.

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.

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