RTX Corporation (NYSE:RTX) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,552 shares of the company's stock after acquiring an additional 20,534 shares during the quarter. IFM Investors Pty Ltd's holdings in RTX were worth $15,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 1620 Investment Advisors Inc. increased its position in RTX by 0.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares during the period. Guardian Wealth Advisors LLC NC boosted its stake in shares of RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after purchasing an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after buying an additional 82 shares during the period. CLG LLC increased its holdings in RTX by 2.3% during the first quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after buying an additional 83 shares during the period. Finally, 49 Wealth Management LLC raised its stake in RTX by 3.3% in the fourth quarter. 49 Wealth Management LLC now owns 2,609 shares of the company's stock worth $302,000 after buying an additional 84 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. Morgan Stanley raised 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. Finally, The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Four research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.12.

RTX Trading Up 0.9%

Shares of RTX stock traded up $1.28 on Friday, reaching $145.80. The company had a trading volume of 1,888,713 shares, compared to its average volume of 5,348,312. The firm's 50 day moving average price is $137.24 and its two-hundred day moving average price is $129.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 52-week low of $99.42 and a 52-week high of $149.26. The firm has a market cap of $194.78 billion, a PE ratio of 42.76, a PEG ratio of 2.63 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results 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. The firm had revenue of $20.31 billion for 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%. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX's dividend payout ratio is presently 79.77%.

Insider Buying and Selling at RTX

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

RTX Company 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.