Treasurer of the State of North Carolina Purchases 3,670 Shares of RTX Co. (NYSE:RTX)

Treasurer of the State of North Carolina lifted its position in RTX Co. (NYSE:RTX - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 585,038 shares of the company's stock after purchasing an additional 3,670 shares during the quarter. Treasurer of the State of North Carolina's holdings in RTX were worth $67,701,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of RTX during the fourth quarter worth approximately $1,745,644,000. Amundi grew its holdings in shares of RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after purchasing an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. raised its position in RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock worth $286,845,000 after purchasing an additional 2,094,834 shares during the period. Capital Wealth Planning LLC bought a new stake in RTX in the fourth quarter worth $216,340,000. Finally, Invesco Ltd. boosted its position in RTX by 17.6% during the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after buying an additional 1,522,251 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was 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 approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last quarter. Corporate insiders own 0.15% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Wells Fargo & Company lowered 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 upgraded shares of RTX from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and raised their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Four equities research 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $164.73.

RTX Stock Up 0.9 %

RTX stock traded up $1.17 during trading hours on Friday, hitting $128.24. 3,654,021 shares of the stock traded hands, compared to its average volume of 5,512,213. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a market cap of $171.21 billion, a PE ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.58. The firm's 50-day moving average price is $128.56 and its two-hundred day moving average price is $123.59. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.45% and a net margin of 5.91%. On average, research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. RTX's dividend payout ratio (DPR) is currently 70.99%.

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.