RTX Co. (NYSE:RTX) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 693.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,231 shares of the company's stock after purchasing an additional 15,932 shares during the quarter. Graham Capital Management L.P.'s holdings in RTX were worth $2,110,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in RTX during the 4th quarter valued at about $1,745,644,000. T. Rowe Price Investment Management Inc. increased its position in RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after buying an additional 3,164,844 shares in the last quarter. Amundi increased its position in RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Assenagon Asset Management S.A. increased its position in RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after buying an additional 2,094,834 shares in the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in RTX during the 4th quarter valued at about $216,340,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares of the company's stock, valued at approximately $664,008.40. The trade was a 35.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the completion of the sale, the executive vice president now directly owns 29,742 shares of the company's stock, valued at $3,771,880.44. The trade was a 39.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,946 shares of company stock valued at $9,024,856. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Susquehanna reduced their target price on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $159.82.

RTX Price Performance

Shares of NYSE RTX traded up $0.10 during midday trading on Wednesday, hitting $130.82. The stock had a trading volume of 4,840,983 shares, compared to its average volume of 5,408,069. The company has a market capitalization of $174.77 billion, a PE ratio of 36.85, a P/E/G ratio of 2.11 and a beta of 0.60. The stock has a 50 day simple moving average of $128.37 and a 200-day simple moving average of $124.03. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. The business 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, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, May 23rd. 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.