152,548 Shares in RTX Co. (NYSE:RTX) Bought by Scotia Capital Inc.

Scotia Capital Inc. purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 152,548 shares of the company's stock, valued at approximately $17,653,000.

A number of other institutional investors also recently made changes to their positions in the business. CX Institutional increased its holdings in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after buying an additional 11,706 shares during the period. National Pension Service lifted its position in RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. Czech National Bank boosted its stake in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after purchasing an additional 17,608 shares during the period. Archer Investment Corp grew its holdings in shares of RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after purchasing an additional 4,151 shares during the last quarter. Finally, Optas LLC increased its stake in shares of RTX by 114.5% in the fourth quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after buying an additional 3,770 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price target on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $164.73.

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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 dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by company insiders.

RTX Stock Performance

NYSE RTX traded up $1.17 during trading hours on Friday, hitting $128.24. The company's stock had a trading volume of 3,654,021 shares, compared to its average volume of 5,512,213. 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 company has a market cap 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's 50 day simple moving average is $128.56 and its two-hundred day simple moving average is $123.59. 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 quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share 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 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed 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 1.97%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 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.