RTX Co. (NYSE:RTX) Shares Bought by Xponance Inc.

Xponance Inc. raised its position in RTX Co. (NYSE:RTX) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,806 shares of the company’s stock after acquiring an additional 9,575 shares during the period. Xponance Inc.’s holdings in RTX were worth $14,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RTX. Twin Capital Management Inc. acquired a new stake in shares of RTX during the fourth quarter worth $417,000. CapWealth Advisors LLC lifted its stake in shares of RTX by 34.1% during the fourth quarter. CapWealth Advisors LLC now owns 283,373 shares of the company’s stock worth $23,843,000 after buying an additional 72,095 shares during the period. HF Advisory Group LLC lifted its stake in shares of RTX by 6.7% during the fourth quarter. HF Advisory Group LLC now owns 15,665 shares of the company’s stock worth $1,318,000 after buying an additional 990 shares during the period. Roman Butler Fullerton & Co. lifted its stake in shares of RTX by 102.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 7,315 shares of the company’s stock worth $661,000 after buying an additional 3,701 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of RTX by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 130,150 shares of the company’s stock worth $10,951,000 after buying an additional 6,870 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock traded up $1.22 on Friday, reaching $101.93. 722,809 shares of the company were exchanged, compared to its average volume of 8,140,848. The company has a market cap of $135.53 billion, a price-to-earnings ratio of 44.95, a P/E/G ratio of 1.83 and a beta of 0.88. The business has a 50-day moving average price of $94.33 and a 200 day moving average price of $86.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.32.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same period in the previous year, the business posted $1.27 earnings per share. RTX’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.32%. RTX’s dividend payout ratio is presently 105.36%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. UBS Group raised their target price on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Barclays raised their target price on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada raised their target price on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.44.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,785 shares of company stock valued at $3,448,188. Corporate insiders own 0.13% of the company’s stock.

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.