4,416 Shares in RTX Co. (NYSE:RTX) Acquired by Brooklyn FI LLC

Brooklyn FI LLC acquired a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,416 shares of the company's stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Norges Bank bought a new stake in RTX in the fourth quarter worth approximately $1,745,644,000. T. Rowe Price Investment Management Inc. raised its stake in shares of RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after acquiring an additional 3,164,844 shares in the last quarter. Amundi grew its holdings in RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after purchasing an additional 2,854,928 shares during the last quarter. Capital Wealth Planning LLC acquired a new position in RTX in the 4th quarter valued at $216,340,000. Finally, Invesco Ltd. boosted its holdings in RTX by 17.6% during the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after acquiring an additional 1,522,251 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of a number of research reports. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Citigroup reduced their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen upgraded RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. 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 data from MarketBeat.com, RTX has an average rating of "Buy" and a consensus target price of $159.82.

Insider Activity

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president now owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

RTX Stock Up 1.5%

Shares of RTX stock traded up $1.99 during trading hours on Thursday, hitting $134.84. 3,634,610 shares of the company were exchanged, compared to its average volume of 5,389,923. The company has a market capitalization of $180.14 billion, a PE ratio of 37.98, a PEG ratio of 2.11 and a beta of 0.60. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $99.07 and a 52 week high of $138.82. The business has a 50 day moving average of $129.08 and a two-hundred day moving average of $124.95.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $19.80 billion. Analysts anticipate 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. Stockholders of record on Friday, May 23rd will be paid 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 2.02%. RTX's payout ratio is currently 79.77%.

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.