Assenagon Asset Management S.A. Has $174.99 Million Stock Holdings in RTX Co. (NYSE:RTX)

Assenagon Asset Management S.A. trimmed its position in RTX Co. (NYSE:RTX - Free Report) by 46.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,321,090 shares of the company's stock after selling 1,157,694 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of RTX worth $174,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 10Elms LLP acquired a new position in shares of RTX during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new position in shares of RTX during the 4th quarter valued at about $31,000. Picton Mahoney Asset Management increased its stake in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new stake in RTX during the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in RTX during the 4th quarter worth approximately $39,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

NYSE RTX traded down $0.89 on Thursday, hitting $140.92. 4,663,104 shares of the stock were exchanged, compared to its average volume of 5,379,992. 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 business's fifty day moving average is $130.91 and its 200 day moving average is $126.33. RTX Co. has a 52 week low of $99.07 and a 52 week high of $142.06. The company has a market capitalization of $188.26 billion, a PE ratio of 39.70, a P/E/G ratio of 2.11 and a beta of 0.63.

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

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. 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 1.93%. RTX's payout ratio is 79.77%.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president now owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Citigroup reduced their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Morgan Stanley raised RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, RTX currently has an average rating of "Buy" and a consensus target price of $159.82.

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.