Applied Finance Capital Management LLC Purchases 297 Shares of RTX Co. (NYSE:RTX)

Applied Finance Capital Management LLC boosted its position in shares of RTX Co. (NYSE:RTXFree Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,823 shares of the company’s stock after acquiring an additional 297 shares during the period. Applied Finance Capital Management LLC’s holdings in RTX were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RTX. Allworth Financial LP lifted its holdings in RTX by 2.5% in the third quarter. Allworth Financial LP now owns 33,834 shares of the company’s stock valued at $2,435,000 after acquiring an additional 825 shares during the period. Money Concepts Capital Corp increased its stake in shares of RTX by 2.4% in the 3rd quarter. Money Concepts Capital Corp now owns 18,085 shares of the company’s stock worth $1,302,000 after acquiring an additional 431 shares during the last quarter. Baron Wealth Management LLC raised its holdings in shares of RTX by 24.6% during the 3rd quarter. Baron Wealth Management LLC now owns 4,557 shares of the company’s stock worth $328,000 after acquiring an additional 900 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of RTX by 4.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 89,343 shares of the company’s stock valued at $6,430,000 after acquiring an additional 3,944 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its position in RTX by 6.7% during the third quarter. New Mexico Educational Retirement Board now owns 75,976 shares of the company’s stock worth $5,468,000 after purchasing an additional 4,800 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTX. Robert W. Baird increased their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their target price on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup upped their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, Bank of America increased their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.33.

View Our Latest Research Report on RTX

Insider Buying and Selling at RTX

In related news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares in the company, valued at approximately $15,757,566. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now directly owns 149,050 shares of the company’s stock, valued at $15,757,566. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Insiders sold 120,042 shares of company stock worth $12,266,459 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Down 0.1 %

Shares of RTX stock traded down $0.06 during trading on Friday, hitting $104.18. 8,501,013 shares of the stock were exchanged, compared to its average volume of 6,832,613. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The firm’s 50-day moving average price is $99.61 and its 200 day moving average price is $90.47. The stock has a market cap of $138.51 billion, a price-to-earnings ratio of 40.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.84. RTX Co. has a 12-month low of $68.56 and a 12-month high of $107.82.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. As a group, analysts forecast that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a $0.63 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a yield of 2.42%. RTX’s payout ratio is 98.82%.

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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