RTX Co. (NYSE:RTX) Stock Position Increased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its position in RTX Co. (NYSE:RTX) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,254 shares of the company’s stock after purchasing an additional 1,527 shares during the period. Quadrant Capital Group LLC’s holdings in RTX were worth $1,997,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of RTX by 1.0% during the fourth quarter. Russell Investments Group Ltd. now owns 841,811 shares of the company’s stock valued at $97,411,000 after purchasing an additional 8,492 shares during the period. Wedbush Securities Inc. increased its stake in RTX by 12.2% during the 4th quarter. Wedbush Securities Inc. now owns 38,529 shares of the company’s stock valued at $4,459,000 after buying an additional 4,181 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of RTX by 2.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,876 shares of the company’s stock worth $1,143,000 after buying an additional 258 shares in the last quarter. Mizuho Bank Ltd. lifted its stake in shares of RTX by 35.4% in the 4th quarter. Mizuho Bank Ltd. now owns 650 shares of the company’s stock worth $75,000 after acquiring an additional 170 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of RTX in the fourth quarter valued at approximately $45,408,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RTX shares. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Morgan Stanley lifted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and increased their target price for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada lifted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $166.40.

Insider Transactions at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated 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 sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

RTX Stock Performance

Shares of RTX stock opened at $117.43 on Friday. The company has a market capitalization of $156.78 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $129.05 and its 200-day simple moving average is $123.38.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate 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 predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

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.