11,846 Shares in RTX Co. (NYSE:RTX) Acquired by Everpar Advisors LLC

Everpar Advisors LLC purchased a new stake in RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,846 shares of the company's stock, valued at approximately $997,000.

A number of other hedge funds have also recently made changes to their positions in RTX. Boston Partners bought a new position in shares of RTX in the third quarter worth approximately $355,350,000. Van ECK Associates Corp increased its holdings in shares of RTX by 129.9% in the 4th quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company's stock worth $341,710,000 after buying an additional 2,294,908 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of RTX by 29.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company's stock valued at $602,941,000 after buying an additional 1,914,184 shares in the last quarter. Sanders Capital LLC lifted its holdings in shares of RTX by 20.2% during the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company's stock worth $719,478,000 after acquiring an additional 1,682,928 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in RTX by 12,753.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company's stock worth $117,799,000 after acquiring an additional 1,389,143 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Wells Fargo & Company reaffirmed an "overweight" rating and set a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Barclays increased their price target on shares of RTX from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 30th. Citigroup boosted their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. UBS Group lifted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Finally, Bank of America upped their price target on shares of RTX from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $96.93.

Insiders Place Their Bets

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the company's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the transaction, the director now owns 129,120 shares in the company, valued at approximately $13,166,366.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now owns 129,120 shares of the company's stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,618 shares of company stock valued at $13,397,978. Corporate insiders own 0.13% of the company's stock.

RTX Stock Up 0.8 %

Shares of RTX stock traded up $0.78 during trading on Wednesday, hitting $104.01. The company's stock had a trading volume of 5,177,642 shares, compared to its average volume of 8,064,801. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The company has a fifty day simple moving average of $97.20 and a two-hundred day simple moving average of $89.11. The company has a market capitalization of $138.28 billion, a PE ratio of 40.48, a P/E/G ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business's revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. Equities research analysts predict that RTX Co. will post 5.4 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.42%. This is an increase from RTX's previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. RTX's dividend payout ratio (DPR) is currently 92.55%.

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.

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