64,464 Shares in RTX Co. (NYSE:RTX) Acquired by Sapient Capital LLC

Sapient Capital LLC bought a new stake in shares of RTX Co. (NYSE:RTX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 64,464 shares of the company’s stock, valued at approximately $5,424,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Cary Street Partners Investment Advisory LLC grew its stake in shares of RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares during the period. Mather Group LLC. raised its position in RTX by 8.5% in the fourth quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after acquiring an additional 1,079 shares during the period. Rockline Wealth Management LLC bought a new stake in shares of RTX during the 4th quarter valued at $2,438,000. B&D White Capital Company LLC purchased a new stake in shares of RTX in the 3rd quarter worth $14,186,000. Finally, PDS Planning Inc bought a new position in RTX in the 4th quarter worth $356,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In related news, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,842 shares of company stock valued at $13,603,426. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on RTX shares. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. UBS Group upped their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen lifted their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Citigroup upped their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.93.

RTX Trading Down 0.5 %

RTX traded down $0.49 during trading hours on Friday, reaching $101.40. 13,324,869 shares of the company’s stock traded hands, compared to its average volume of 7,489,805. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $96.70 and a 200 day moving average price of $88.49. RTX Co. has a 52-week low of $68.56 and a 52-week high of $103.89. The firm has a market capitalization of $134.81 billion, a PE ratio of 39.76, a PEG ratio of 1.83 and a beta of 0.84.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. As a group, sell-side analysts predict that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, May 16th. This is a positive change from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 dividend on an annualized basis and a yield of 2.49%. RTX’s payout ratio is 92.55%.

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.