RTX Co. (NYSE:RTX) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 30.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 765,605 shares of the company's stock after purchasing an additional 179,698 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of RTX worth $88,595,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Safeguard Investment Advisory Group LLC acquired a new stake in shares of RTX in the 4th quarter worth about $204,000. Snowden Capital Advisors LLC increased its stake in shares of RTX by 5.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 54,288 shares of the company's stock valued at $6,282,000 after purchasing an additional 2,605 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of RTX by 10.9% during the fourth quarter. Rafferty Asset Management LLC now owns 301,764 shares of the company's stock valued at $34,920,000 after buying an additional 29,545 shares during the last quarter. Redwood Investments LLC boosted its position in shares of RTX by 31.9% during the fourth quarter. Redwood Investments LLC now owns 3,178 shares of the company's stock worth $368,000 after buying an additional 768 shares during the period. Finally, ProShare Advisors LLC grew its holdings in RTX by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 192,663 shares of the company's stock worth $22,295,000 after buying an additional 24,168 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research report on Friday, April 25th. Susquehanna dropped their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $159.82.

RTX Stock Performance

RTX opened at $135.37 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $180.85 billion, a PE ratio of 38.13, a P/E/G ratio of 2.11 and a beta of 0.60. The business has a fifty day simple moving average of $128.66 and a 200-day simple moving average of $124.20. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.40.

RTX (NYSE:RTX - Get Free Report) last released its quarterly 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. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a $0.68 dividend. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,946 shares of company stock worth $9,024,856. 0.15% of the stock is owned by corporate 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.

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