2 weeks Ago By ABMN Staff
Renaissance Technologies LLC trimmed its holdings in shares of RTX Co. ( NYSE:RTX – Free Report ) by 92.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 35,731 shares of the company’s stock after selling 441,515 shares during the period. Renaissance Technologies LLC’s holdings in RTX were worth $4,135,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX.
1620 Investment Advisors Inc. raised its stake in RTX by 0.7% in the 4th quarter.
1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock valued at $1,401,000 after purchasing an additional 79 shares during the last quarter. Fusion Capital LLC grew its stake in RTX by 0.
5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock worth $1,754,000 after acquiring an additional 80 shares during the period. McDonough Capital Management Inc lifted its stake in shares of RTX by 1.
6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company’s stock worth $603,000 after purchasing an additional 80 shares during the period. New England Professional Planning Group Inc.
grew its position in shares of RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc.
now owns 2,187 shares of the company’s stock valued at $253,000 after purchasing an additional 81 shares during the period. Finally, Pointe Capital Management LLC lifted its position in RTX by 0.5% during the fourth quarter.
Pointe Capital Management LLC now owns 17,691 shares of the company’s stock worth $2,047,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Wall Street Analyst Weigh In Several brokerages recently weighed in on RTX. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.
Citigroup cut their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th.
JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.
00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $136.
00 to $160.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.27.
RTX Stock Performance Shares of RTX opened at $126.12 on Tuesday. The firm has a 50-day moving average price of $128.
57 and a 200 day moving average price of $123.84. The firm has a market capitalization of $168.
38 billion, a PE ratio of 35.53, a P/E/G ratio of 2.11 and a beta of 0.
58. RTX Co. has a 52-week low of $99.
07 and a 52-week 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 issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
35 by $0.19. RTX had a return on equity of 12.
45% and a net margin of 5.91%. On average, sell-side analysts anticipate that RTX Co.
will post 6.11 earnings per share for the current fiscal year. RTX Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th.
Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st.
This represents a $2.52 dividend on an annualized basis and a yield of 2.00%.
RTX’s dividend payout ratio (DPR) is currently 70.99%. Insider Transactions at RTX In related news, CEO Christopher T.
Calio sold 27,379 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.
44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88.
This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $664,008.
40. This represents a 35.27 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last three months. Corporate insiders own 0.
15% of the company’s stock. About RTX ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co.
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