RTX Corporation (NYSE:RTX) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 38.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,015 shares of the company's stock after purchasing an additional 43,337 shares during the quarter. Penserra Capital Management LLC's holdings in RTX were worth $20,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the 1st quarter valued at $26,000. 10Elms LLP bought a new stake in shares of RTX during the 4th quarter valued at $29,000. Fairway Wealth LLC bought a new stake in shares of RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management raised its position 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 purchasing an additional 265 shares during the period. Finally, Greenline Partners LLC bought a new stake in shares of RTX during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 23rd. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Wells Fargo & Company raised their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. UBS Group raised their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $161.12.

RTX Trading Up 1.0%

Shares of RTX stock traded up $1.49 during trading hours on Wednesday, reaching $146.40. 2,662,383 shares of the stock were exchanged, compared to its average volume of 5,313,598. RTX Corporation has a 12-month low of $99.42 and a 12-month high of $149.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $138.04 and its 200-day moving average price is $129.77. The firm has a market capitalization of $195.58 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. As a group, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.86%. RTX's dividend payout ratio is currently 79.77%.

Insider Activity

In related 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 transaction 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. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $2,328,805.64. Following the transaction, the executive vice president owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

About RTX

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.