Wealthfront Advisers LLC lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,646 shares of the company's stock after buying an additional 20,005 shares during the quarter. Wealthfront Advisers LLC's holdings in RTX were worth $16,511,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in RTX. Norges Bank bought a new stake in shares of RTX in the 4th quarter valued at approximately $1,745,644,000. GAMMA Investing LLC grew its stake in shares of RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after buying an additional 4,135,349 shares in the last quarter. T. Rowe Price Investment Management Inc. grew 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 buying an additional 3,164,844 shares in the last quarter. Invesco Ltd. grew its stake in shares of RTX by 17.6% in the 4th quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after buying an additional 1,522,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after purchasing an additional 1,252,448 shares during the last quarter. Institutional investors own 86.50% of the company's stock.
Insiders Place Their Bets
In other RTX news, 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 sale, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were 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 $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on RTX shares. Sanford C. Bernstein set a $154.00 target price on RTX and gave the stock a "market perform" rating in a report on Friday, July 11th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $162.61.
Get Our Latest Analysis on RTX
RTX Stock Performance
Shares of NYSE RTX traded up $1.52 during trading hours on Wednesday, reaching $150.20. The stock had a trading volume of 3,358,104 shares, compared to its average volume of 5,279,284. The business's fifty day moving average is $140.44 and its two-hundred day moving average is $130.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market cap of $200.66 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.76 and a beta of 0.64. RTX Corporation has a twelve month low of $102.62 and a twelve month high of $150.75.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS 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 12.71% and a net margin of 5.63%. As a group, research analysts expect that RTX Corporation will post 6.11 EPS for the current year.
RTX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.81%. RTX's dividend payout ratio (DPR) is 79.77%.
About RTX
(
Free Report)
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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