2,014 Shares in RTX Co. (NYSE:RTX) Acquired by Umpqua Bank

Umpqua Bank bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,014 shares of the company's stock, valued at approximately $241,000.

Other hedge funds have also recently bought and sold shares of the company. CX Institutional grew its stake 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 acquiring an additional 11,706 shares in the last quarter. National Pension Service increased its holdings in RTX by 15.1% during the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after purchasing an additional 375,781 shares during the period. LRI Investments LLC raised its position in RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Czech National Bank boosted its stake in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after buying an additional 17,608 shares during the period. Finally, Archer Investment Corp grew its position in shares of RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after buying an additional 4,151 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Morgan Stanley raised their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research note on Monday. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and increased their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $166.40.

Remove Ads

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction dated 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. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $664,008.40. The trade was a 35.27 % 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. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded down $0.90 during trading on Thursday, reaching $133.43. The company's stock had a trading volume of 3,914,018 shares, compared to its average volume of 5,351,645. The company has a 50-day moving average price of $128.12 and a two-hundred day moving average price of $122.87. RTX Co. has a fifty-two week low of $96.33 and a fifty-two week high of $136.17. The firm has a market cap of $178.14 billion, a PE ratio of 37.59, a P/E/G ratio of 2.11 and a beta of 0.78. 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 posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. 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.