Titan Global Capital Management USA LLC Sells 3,193 Shares of RTX Co. (NYSE:RTX)

Titan Global Capital Management USA LLC reduced its holdings in RTX Co. (NYSE:RTX - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,690 shares of the company's stock after selling 3,193 shares during the period. Titan Global Capital Management USA LLC's holdings in RTX were worth $4,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after purchasing an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC boosted its holdings in RTX by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after buying an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of RTX by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after buying an additional 576,214 shares during the period. Franklin Resources Inc. increased its stake in shares of RTX by 3.8% in the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after acquiring an additional 603,159 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of RTX in the 4th quarter valued at approximately $1,745,644,000. 86.50% of the stock is owned by institutional investors.

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RTX Price Performance

NYSE:RTX traded up $1.17 on Friday, hitting $128.24. The company had a trading volume of 3,654,021 shares, compared to its average volume of 5,504,953. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. 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 market capitalization of $171.21 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.58. The firm has a 50 day moving average of $128.56 and a two-hundred day moving average of $123.59.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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%. On average, research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX's payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction 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 sale, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price objective on RTX from $156.00 to $136.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird raised 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 note on Wednesday, March 19th. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, 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. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.73.

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.