Jump Financial LLC Acquires New Shares in RTX Co. (NYSE:RTX)

Jump Financial LLC purchased a new stake in RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,937 shares of the company's stock, valued at approximately $4,506,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. CX Institutional increased its stake in shares of RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after purchasing an additional 11,706 shares during the last quarter. National Pension Service grew its position in RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after buying an additional 375,781 shares in the last quarter. Czech National Bank raised its stake in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of RTX by 370.3% during 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 during the period. Finally, Optas LLC increased its stake in shares of RTX by 114.5% in the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock valued at $817,000 after purchasing an additional 3,770 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RTX. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research report on Monday, March 24th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Susquehanna increased their price objective on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $165.27.

RTX Stock Down 2.0 %

Shares of RTX stock traded down $2.64 during trading hours on Monday, reaching $126.25. The company had a trading volume of 1,176,974 shares, compared to its average volume of 5,132,991. The business has a fifty day simple moving average of $128.59 and a 200-day simple moving average of $123.83. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17. The company has a market cap of $168.56 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. RTX's dividend payout ratio (DPR) is currently 70.99%.

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.