State of Wyoming Purchases 6,560 Shares of RTX Co. (NYSE:RTX)

State of Wyoming raised its holdings in RTX Co. (NYSE:RTX - Free Report) by 245.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently 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. T. Rowe Price Investment Management Inc. grew its position in RTX by 43.1% in the fourth 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 acquiring an additional 3,164,844 shares during the period. Amundi lifted its holdings in shares of RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after acquiring an additional 2,854,928 shares during the period. Capital Wealth Planning LLC acquired a new stake in shares of RTX in the 4th quarter valued at $216,340,000. Finally, Invesco Ltd. increased its holdings in shares of RTX by 17.6% during the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock worth $1,175,457,000 after buying an additional 1,522,251 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Citigroup decreased their target price on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a research report on Friday, April 25th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Finally, Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $159.82.

RTX Trading Down 0.1%

RTX opened at $135.37 on Friday. The firm's fifty day moving average is $128.66 and its two-hundred day moving average is $124.20. The firm has a market cap of $180.85 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

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

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amy L. Johnson sold 4,146 shares of RTX 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 sale, the vice president now owns 9,546 shares in the company, 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. Insiders have sold a total of 69,946 shares of company stock worth $9,024,856 over the last ninety days. Company insiders own 0.15% of the company's stock.

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.

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