3,178 Shares in RTX Co. (NYSE:RTX) Purchased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC purchased a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,178 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley grew its holdings in RTX by 11.3% in the fourth quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after purchasing an additional 3,104,282 shares during the period. Norges Bank purchased a new stake in RTX in the fourth quarter valued at approximately $1,580,608,000. Northern Trust Corp grew its holdings in RTX by 1.9% in the third quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock valued at $987,871,000 after purchasing an additional 256,215 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in RTX by 87,932.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock valued at $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in RTX by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock valued at $784,735,000 after purchasing an additional 60,319 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 0.8 %

Shares of NYSE RTX traded up $0.86 during trading on Friday, reaching $101.57. 10,328,091 shares of the stock were exchanged, compared to its average volume of 8,269,268. The business’s 50-day moving average price is $94.55 and its 200 day moving average price is $86.44. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.32. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $135.05 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. As a group, equities analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. RTX’s dividend payout ratio is presently 105.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. UBS Group boosted their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. TD Cowen boosted their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, Robert W. Baird boosted their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $94.44.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.