Vise Technologies Inc. Purchases 5,952 Shares of RTX Co. (NYSE:RTX)

Vise Technologies Inc. lifted its position in shares of RTX Co. (NYSE:RTX - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 10Elms LLP purchased a new stake in RTX in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX during the 4th quarter worth $31,000. Picton Mahoney Asset Management increased its holdings in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the last quarter. Greenline Partners LLC purchased a new stake in RTX during the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in RTX during the 4th quarter worth $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were 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 $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,643 shares of company stock worth $6,198,889 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX traded up $1.86 during trading on Tuesday, hitting $134.21. The stock had a trading volume of 5,160,033 shares, compared to its average volume of 5,395,785. The firm has a market cap of $179.30 billion, a PE ratio of 37.81, a P/E/G ratio of 2.11 and a beta of 0.60. RTX Co. has a 12 month low of $99.07 and a 12 month high of $138.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $129.07 and a 200-day simple moving average of $124.83.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 2.03%. RTX's payout ratio is 79.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RTX shares. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Finally, Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their price target for the stock 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, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $159.82.

About RTX

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.