RTX Co. (NYSE:RTX) Shares Acquired by Duality Advisers LP

Duality Advisers LP raised its holdings in shares of RTX Co. (NYSE:RTX) by 9.2% in the 4th quarter, HoldingsChannel reports. The fund owned 66,232 shares of the company’s stock after buying an additional 5,590 shares during the quarter. RTX accounts for approximately 0.6% of Duality Advisers LP’s investment portfolio, making the stock its 22nd biggest holding. Duality Advisers LP’s holdings in RTX were worth $5,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bear Mountain Capital Inc. purchased a new stake in shares of RTX in the 4th quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of RTX in the 3rd quarter valued at about $28,000. Quarry LP purchased a new stake in shares of RTX in the 1st quarter valued at about $28,000. Planned Solutions Inc. purchased a new stake in shares of RTX in the 4th quarter valued at about $30,000. Finally, Financial Gravity Asset Management Inc. raised its stake in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 0.8 %

Shares of RTX stock traded up $0.85 during trading hours on Friday, reaching $101.56. 10,328,788 shares of the company’s stock were exchanged, compared to its average volume of 7,908,590. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.32. The firm has a market capitalization of $135.04 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88. The company has a fifty day moving average of $94.55 and a 200-day moving average of $86.67. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69.

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

RTX Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on the company. Barclays upped their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen upped their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Royal Bank of Canada upped their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Finally, UBS Group upped their price target on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $93.40.

Insiders Place Their Bets

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, 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 at this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 in the last quarter. 0.13% of the stock is currently owned by company insiders.

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.