RTX Co. (NYSE:RTX) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of RTX Co. (NYSE:RTX) by 275.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,557 shares of the company’s stock after purchasing an additional 237,344 shares during the quarter. Assenagon Asset Management S.A.’s holdings in RTX were worth $32,482,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC grew its stake in RTX by 2.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 85,168 shares of the company’s stock valued at $8,550,000 after acquiring an additional 2,036 shares during the period. Founders Capital Management LLC increased its stake in RTX by 1.2% during the 2nd quarter. Founders Capital Management LLC now owns 8,369 shares of the company’s stock worth $840,000 after buying an additional 100 shares in the last quarter. Quantum Private Wealth LLC raised its holdings in shares of RTX by 33.6% during the second quarter. Quantum Private Wealth LLC now owns 13,634 shares of the company’s stock valued at $1,369,000 after acquiring an additional 3,429 shares during the last quarter. Bar Harbor Wealth Management boosted its stake in shares of RTX by 3.4% in the second quarter. Bar Harbor Wealth Management now owns 25,680 shares of the company’s stock worth $2,578,000 after acquiring an additional 839 shares during the last quarter. Finally, Whitener Capital Management Inc. raised its stake in RTX by 0.7% in the 2nd quarter. Whitener Capital Management Inc. now owns 15,222 shares of the company’s stock valued at $1,528,000 after purchasing an additional 107 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.2 %

RTX stock traded up $0.22 during mid-day trading on Friday, reaching $117.95. 5,251,477 shares of the company’s stock were exchanged, compared to its average volume of 7,306,247. The company has a fifty day moving average of $107.39 and a 200-day moving average of $101.26. The company has a market cap of $156.82 billion, a P/E ratio of 46.25, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. RTX Co. has a twelve month low of $68.56 and a twelve month high of $118.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter last year, the company earned $1.29 EPS. RTX’s revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts expect that RTX Co. will post 5.44 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is presently 98.82%.

Insider Activity

In related news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. Wells Fargo & Company dropped their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, TD Cowen boosted their target price on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $153.47.

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.