RTX Co. (NYSE:RTX) Shares Bought by State of Wyoming

State of Wyoming raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 245.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,235 shares of the company's stock after buying an additional 6,560 shares during the quarter. State of Wyoming's holdings in RTX were worth $1,069,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management boosted its position in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the period. Greenline Partners LLC purchased a new position in RTX in the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new position in RTX during the 4th quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX in the 4th quarter valued at about $40,000. 86.50% of the stock is currently owned by institutional investors.

Insider Transactions at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. The trade was a 25.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the 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 transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,946 shares of company stock valued at $9,024,856 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.15 during trading on Friday, reaching $133.25. The company had a trading volume of 1,591,423 shares, compared to its average volume of 5,253,888. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $138.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock's fifty day moving average price is $129.14 and its 200 day moving average price is $124.63. The firm has a market capitalization of $178.01 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.04%. RTX's payout ratio is 79.77%.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company raised their target price on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Three investment 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. According to data from MarketBeat.com, RTX has a consensus rating of "Buy" and a consensus target price of $159.82.

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.