Two Sigma Advisers LP Invests $1.92 Million in RTX Co. (NYSE:RTX)

Two Sigma Advisers LP acquired a new position in RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,600 shares of the company's stock, valued at approximately $1,921,000.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service raised its position in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after acquiring an additional 375,781 shares in the last quarter. Deutsche Bank AG raised its position in shares of RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after acquiring an additional 936,953 shares in the last quarter. Archer Investment Corp raised its position in shares of RTX by 370.3% in the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after acquiring an additional 4,151 shares in the last quarter. Optas LLC raised its position in shares of RTX by 114.5% in the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock worth $817,000 after acquiring an additional 3,770 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in shares of RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock worth $3,046,000 after acquiring an additional 7,987 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of RTX stock traded up $0.15 during trading hours on Monday, reaching $136.63. The company's stock had a trading volume of 1,353,862 shares, compared to its average volume of 5,371,447. The firm has a 50 day moving average price of $129.09 and a 200-day moving average price of $125.17. RTX Co. has a one year low of $99.07 and a one year 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 has a market cap of $182.52 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion for 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%. On average, analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. 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 1.99%. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of the 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 of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Cowen reaffirmed a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Wall Street Zen raised RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted 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. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.