RTX Co. (NYSE:RTX) Shares Bought by National Pension Service

National Pension Service grew its stake in RTX Co. (NYSE:RTX) by 15.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,859,573 shares of the company’s stock after buying an additional 375,781 shares during the period. National Pension Service’s holdings in RTX were worth $330,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in RTX in the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter worth approximately $41,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $127.30 on Wednesday. The stock’s 50 day simple moving average is $121.84 and its 200 day simple moving average is $121.13. RTX Co. has a 12-month low of $88.95 and a 12-month high of $132.43. The firm has a market cap of $169.58 billion, a P/E ratio of 35.86, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.98%. RTX’s payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RTX shares. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $142.00 to $147.00 in a report on Monday. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

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.