RTX Corporation (NYSE:RTX) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. grew its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,624 shares of the company's stock after purchasing an additional 4,764 shares during the period. Bessemer Group Inc.'s holdings in RTX were worth $6,307,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 10Elms LLP purchased a new position in RTX in the fourth quarter worth about $29,000. Fairway Wealth LLC purchased a new position in RTX in the fourth quarter worth about $31,000. Picton Mahoney Asset Management grew its position in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new position in RTX in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in RTX in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RTX. UBS Group boosted their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Susquehanna dropped their target price on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $161.12.

RTX Trading Up 1.4%

Shares of RTX stock traded up $1.97 on Friday, hitting $144.64. 9,172,767 shares of the company traded hands, compared to its average volume of 5,399,646. The stock's 50 day moving average price is $134.87 and its 200-day moving average price is $128.29. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52 week low of $99.07 and a 52 week high of $149.26. The company has a market cap of $193.23 billion, a PE ratio of 42.42, a PEG ratio of 2.58 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 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.88%. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Buying and Selling

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

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.