Banque Transatlantique SA Takes $1.18 Million Position in RTX Co. (NYSE:RTX)

Banque Transatlantique SA acquired a new position in RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,226 shares of the company's stock, valued at approximately $1,177,000.

A number of other large investors also recently added to or reduced their stakes in RTX. Fairway Wealth LLC bought a new position in RTX in the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management boosted its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at about $39,000. Millstone Evans Group LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the fourth quarter worth $40,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock traded down $0.56 on Wednesday, hitting $127.60. The company's stock had a trading volume of 4,029,017 shares, compared to its average volume of 5,425,331. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock's 50 day moving average is $128.35 and its 200-day moving average is $123.89. The company has a market capitalization of $170.47 billion, a PE ratio of 35.94, a PEG ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.13%. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,800 shares of company stock valued at $8,496,076 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Argus raised RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $161.06.

RTX Profile

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.