Caisse Des Depots ET Consignations Invests $8.19 Million in RTX Co. (NYSE:RTX)

Caisse Des Depots ET Consignations bought a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,762 shares of the company’s stock, valued at approximately $8,189,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after acquiring an additional 490,109 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of RTX in the third quarter valued at approximately $405,000. Transamerica Financial Advisors Inc. bought a new position in RTX in the 3rd quarter worth approximately $1,496,000. Cadence Bank lifted its holdings in RTX by 1.4% during the 3rd quarter. Cadence Bank now owns 148,840 shares of the company’s stock worth $18,033,000 after buying an additional 1,992 shares in the last quarter. Finally, RS Crum Inc. increased its stake in shares of RTX by 4.0% in the 3rd quarter. RS Crum Inc. now owns 3,892 shares of the company’s stock valued at $472,000 after buying an additional 150 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s 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 transaction, the insider now directly 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 is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last three months. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. 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. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Stock Performance

Shares of RTX stock opened at $134.46 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market cap of $179.52 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock’s 50-day moving average is $128.12 and its 200-day moving average is $122.87. RTX Co. has a one year low of $96.33 and a one year high of $136.17.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Equities analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.87%. RTX’s dividend payout ratio (DPR) is presently 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.