RTX Co. (NYSE:RTX) Shares Acquired by Sciencast Management LP

Sciencast Management LP increased its stake in RTX Co. (NYSE:RTX - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,360 shares of the company's stock after purchasing an additional 3,213 shares during the period. RTX accounts for 0.8% of Sciencast Management LP's portfolio, making the stock its 4th largest holding. Sciencast Management LP's holdings in RTX were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its holdings in RTX by 32.7% in the third quarter. Intech Investment Management LLC now owns 50,497 shares of the company's stock valued at $6,118,000 after buying an additional 12,445 shares during the period. Trustmark National Bank Trust Department raised its position in shares of RTX by 10.4% during the 3rd quarter. Trustmark National Bank Trust Department now owns 5,922 shares of the company's stock valued at $718,000 after acquiring an additional 557 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of RTX in the 3rd quarter valued at $379,000. Pacer Advisors Inc. lifted its stake in RTX by 3.9% in the third quarter. Pacer Advisors Inc. now owns 98,965 shares of the company's stock valued at $11,991,000 after buying an additional 3,676 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in RTX by 6.4% during the third quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company's stock worth $7,846,000 after buying an additional 3,818 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

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RTX Stock Up 0.9 %

Shares of NYSE:RTX traded up $1.15 during midday trading on Tuesday, hitting $135.84. The stock had a trading volume of 3,989,259 shares, compared to its average volume of 5,363,419. 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 business's 50-day simple moving average is $127.81 and its 200-day simple moving average is $122.79. RTX Co. has a 12 month low of $95.58 and a 12 month high of $135.94. The company has a market cap of $181.36 billion, a P/E ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is presently 70.99%.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the sale, the executive vice president now directly owns 29,742 shares in the company, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Finally, Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.