XTX Topco Ltd Makes New $2.79 Million Investment in RTX Co. (NYSE:RTX)

XTX Topco Ltd purchased a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,079 shares of the company’s stock, valued at approximately $2,786,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in RTX during the fourth quarter worth $1,745,644,000. Amundi boosted its position in RTX by 83.1% during the fourth 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after purchasing an additional 2,094,834 shares during the last quarter. Capital Wealth Planning LLC bought a new position in RTX in the fourth quarter worth about $216,340,000. Finally, Invesco Ltd. lifted its position in shares of 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 last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RTX shares. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and increased their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Morgan Stanley raised their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Citigroup cut their price objective on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $164.73.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. This represents a 21.30 % 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 90 days. Insiders own 0.15% of the company’s stock.

RTX Stock Up 0.9 %

Shares of RTX stock opened at $128.24 on Monday. 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 Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The stock has a 50 day moving average of $128.56 and a 200 day moving average of $123.62. The stock has a market cap of $171.21 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid 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 dividend yield of 1.97%. RTX’s dividend payout ratio 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.