Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in RTX Co. (NYSE:RTX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 497,892 shares of the company's stock, valued at approximately $57,616,000.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. LaFleur & Godfrey LLC lifted its stake in shares of RTX by 0.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after buying an additional 900 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of RTX by 51.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,451 shares of the company's stock valued at $2,019,000 after buying an additional 5,929 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of RTX by 11.2% in the fourth quarter. Blue Trust Inc. now owns 23,382 shares of the company's stock valued at $2,833,000 after buying an additional 2,354 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of RTX by 3.3% in the fourth quarter. KBC Group NV now owns 108,768 shares of the company's stock valued at $12,587,000 after buying an additional 3,471 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $528,780.84. Following the sale, the vice president now owns 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.15% of the company's stock.

RTX Stock Performance

NYSE RTX traded up $1.63 during trading hours on Friday, reaching $136.43. 8,195,041 shares of the company were exchanged, compared to its average volume of 5,407,482. RTX Co. has a 1 year low of $99.07 and a 1 year high of $138.82. The business's 50 day simple moving average is $129.09 and its 200-day simple moving average is $125.12. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $182.26 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.11 and a beta of 0.60.

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

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.99%. This is a positive change from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is 79.77%.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a research report on Friday, April 25th. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. UBS Group raised their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Susquehanna dropped their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.