Occudo Quantitative Strategies LP Invests $3.36 Million in RTX Co. (NYSE:RTX)

Occudo Quantitative Strategies LP acquired a new stake in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 28,997 shares of the company's stock, valued at approximately $3,356,000. RTX comprises 0.6% of Occudo Quantitative Strategies LP's portfolio, making the stock its 26th largest holding.

A number of other hedge funds have also bought and sold shares of the company. OMERS ADMINISTRATION Corp increased its position in RTX by 13.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 62,617 shares of the company's stock valued at $7,246,000 after acquiring an additional 7,316 shares during the last quarter. Obermeyer Wealth Partners grew its holdings in shares of RTX by 0.5% in the fourth quarter. Obermeyer Wealth Partners now owns 284,244 shares of the company's stock worth $32,893,000 after purchasing an additional 1,489 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of RTX in the fourth quarter worth about $827,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of RTX by 16.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 648,049 shares of the company's stock worth $74,992,000 after purchasing an additional 93,086 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its holdings in shares of RTX by 3.9% in the fourth quarter. MJP Associates Inc. ADV now owns 9,917 shares of the company's stock worth $1,148,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,946 shares of company stock valued at $9,024,856 in the last three months. 0.15% of the stock is owned by insiders.

RTX Stock Down 0.1%

Shares of RTX stock traded down $0.15 during mid-day trading on Friday, hitting $135.37. 4,774,229 shares of the stock traded hands, compared to its average volume of 5,384,147. The stock has a market cap of $180.85 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.11 and a beta of 0.60. The stock's fifty day moving average is $128.66 and its two-hundred day moving average is $124.20. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.40. 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 released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a $0.68 dividend. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is presently 79.77%.

Analyst Ratings Changes

A number of research analysts have recently commented on RTX shares. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a report on Friday, April 25th. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of "Buy" and an average price target of $159.82.

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.