AQR Capital Management LLC Raises Stock Holdings in RTX Co. (NYSE:RTX)

AQR Capital Management LLC increased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 181.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,569,733 shares of the company's stock after buying an additional 1,011,816 shares during the period. AQR Capital Management LLC owned 0.12% of RTX worth $181,571,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. 1620 Investment Advisors Inc. grew its holdings in RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after purchasing an additional 79 shares during the period. Fusion Capital LLC grew its position in RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after purchasing an additional 80 shares during the period. McDonough Capital Management Inc increased its position in shares of RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after acquiring an additional 80 shares in the last quarter. New England Professional Planning Group Inc. lifted its position in RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after acquiring an additional 81 shares in the last quarter. Finally, Pointe Capital Management LLC boosted its stake in RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after purchasing an additional 81 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RTX. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $161.06.

RTX Price Performance

NYSE RTX traded up $2.89 on Friday, reaching $130.30. 5,002,098 shares of the company's stock traded hands, compared to its average volume of 5,480,324. 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 Co. has a 12 month low of $99.07 and a 12 month high of $136.17. The stock has a 50-day simple moving average of $128.42 and a 200 day simple moving average of $123.80. The stock has a market cap of $174.07 billion, a PE ratio of 36.70, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts predict that RTX Co. will post 6.11 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 12th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.09%. RTX's payout ratio is 73.90%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last quarter. 0.15% of the stock is owned by corporate insiders.

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.