Vise Technologies Inc. Increases Stake in RTX Co. (NYSE:RTX)

Vise Technologies Inc. lifted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 72.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,164 shares of the company's stock after acquiring an additional 5,952 shares during the quarter. Vise Technologies Inc.'s holdings in RTX were worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RTX. 10Elms LLP bought a new position in RTX in the 4th quarter worth approximately $29,000. Fairway Wealth LLC bought a new position in RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management boosted its stake in RTX by 2,944.4% in the 4th 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 bought a new position in RTX in the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $39,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.9%

RTX stock traded up $1.21 during trading on Thursday, reaching $134.06. 1,170,526 shares of the company traded hands, compared to its average volume of 5,380,410. RTX Co. has a 12 month low of $99.07 and a 12 month high of $138.82. The business has a 50 day simple moving average of $129.08 and a 200 day simple moving average of $124.95. The company has a market capitalization of $179.09 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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 issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 79.77%.

Analysts Set New Price Targets

RTX has been the subject of a number of research reports. 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 research report on Wednesday, April 23rd. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Citigroup decreased their price target on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Susquehanna reduced their target price on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX has an average rating of "Buy" and an average price target of $159.82.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.