Diametric Capital LP Takes Position in RTX Co. (NYSE:RTX)

Diametric Capital LP acquired a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,613 shares of the company’s stock, valued at approximately $302,000.

A number of other large investors have also recently added to or reduced their stakes in RTX. Fairway Wealth LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the last quarter. Modus Advisors LLC purchased a new position in RTX during the fourth quarter worth $39,000. Millstone Evans Group LLC acquired a new position in shares of RTX in the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX in the fourth quarter valued at $40,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock opened at $132.85 on Wednesday. The company’s fifty day moving average price is $128.96 and its two-hundred day moving average price is $123.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market capitalization of $177.36 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 12 month low of $97.03 and a 12 month high of $136.17.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTX shares. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.40.

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.