Zurcher Kantonalbank Zurich Cantonalbank Grows Position in RTX Co. (NYSE:RTX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in RTX Co. (NYSE:RTX - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,860 shares of the company's stock after purchasing an additional 21,588 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in RTX were worth $36,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Sound View Wealth Advisors Group LLC raised its position in shares of RTX by 50.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 36,329 shares of the company's stock worth $4,204,000 after purchasing an additional 12,118 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in RTX by 6.8% in the 4th quarter. Enterprise Financial Services Corp now owns 9,405 shares of the company's stock worth $1,088,000 after buying an additional 602 shares in the last quarter. BOK Financial Private Wealth Inc. increased its holdings in RTX by 43.3% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 414 shares of the company's stock worth $48,000 after buying an additional 125 shares in the last quarter. Coordinated Financial Services Inc. bought a new stake in RTX in the 4th quarter worth about $524,000. Finally, Amundi increased its holdings in RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

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Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.13% of the company's stock.

RTX Price Performance

Shares of RTX stock traded down $0.36 on Tuesday, hitting $128.16. 4,404,483 shares of the stock traded hands, compared to its average volume of 5,602,356. The firm has a market cap of $170.73 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 52 week low of $89.44 and a 52 week high of $135.36. The firm has a 50 day simple moving average of $124.54 and a two-hundred day simple moving average of $121.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS 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, equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RTX shares. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $142.00 to $147.00 in a report on Monday, February 24th. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Morgan Stanley boosted their price target on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $163.40.

RTX 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.