RTX Co. (NYSE:RTX) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in RTX Co. (NYSE:RTX) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 849,044 shares of the company’s stock after buying an additional 32,241 shares during the quarter. Victory Capital Management Inc.’s holdings in RTX were worth $71,439,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of RTX. Bear Mountain Capital Inc. acquired a new stake in RTX in the fourth quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $28,000. Planned Solutions Inc. acquired a new position in RTX during the fourth quarter worth $30,000. Financial Gravity Asset Management Inc. raised its position in RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Robert W. Baird upped their target price on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price target on shares of RTX in a report on Monday, April 1st. Finally, Barclays raised their price objective on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $96.93.

Insiders Place Their Bets

In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. Insiders have sold a total of 137,842 shares of company stock valued at $13,603,426 in the last quarter. 0.13% of the stock is currently owned by company insiders.

RTX Stock Down 0.5 %

RTX opened at $101.39 on Friday. The firm has a market cap of $134.80 billion, a P/E ratio of 39.76, a PEG ratio of 1.83 and a beta of 0.84. The business’s fifty day simple moving average is $96.48 and its 200 day simple moving average is $88.30. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. As a group, equities research analysts anticipate 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 paid a $0.63 dividend. This is a boost from RTX’s previous quarterly dividend of $0.59. This represents a $2.52 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. RTX’s payout ratio is presently 92.55%.

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.