RTX Co. (NYSE:RTX) Shares Sold by Moore Capital Management LP

Moore Capital Management LP lowered its stake in RTX Co. (NYSE:RTX - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,817 shares of the company's stock after selling 89,724 shares during the quarter. Moore Capital Management LP's holdings in RTX were worth $6,922,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional lifted its stake in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after buying an additional 11,706 shares in the last quarter. National Pension Service lifted its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after buying an additional 375,781 shares in the last quarter. Deutsche Bank AG lifted its stake in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after buying an additional 936,953 shares in the last quarter. Czech National Bank lifted its stake in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Finally, Archer Investment Corp lifted its stake 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 purchasing an additional 4,151 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction dated 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 owns 5,272 shares of the company's stock, valued at $664,008.40. This trade represents a 35.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction 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 represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock valued at $9,024,856 over the last quarter. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. JPMorgan Chase & Co. reduced their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. UBS Group increased their price target on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Susquehanna reduced their price target on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Robert W. Baird raised 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 note on Wednesday, March 19th. Finally, Wells Fargo & Company increased their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $159.82.

RTX Stock Up 0.1%

Shares of RTX stock traded up $0.10 during trading hours on Wednesday, hitting $130.82. 4,840,983 shares of the company were exchanged, compared to its average volume of 5,408,070. 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 Co. has a one year low of $99.07 and a one year high of $136.17. The business's 50-day simple moving average is $128.37 and its two-hundred day simple moving average is $124.03. The stock has a market capitalization of $174.77 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly 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 business had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. Sell-side analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.08%. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 79.77%.

RTX Company 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.