RTX Co. (NYSE:RTX) Stock Holdings Boosted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. raised its position in shares of RTX Co. (NYSE:RTX) by 60.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,228 shares of the company’s stock after purchasing an additional 1,221 shares during the quarter. E Fund Management Co. Ltd.’s holdings in RTX were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. boosted its stake in RTX by 22.9% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 10,855 shares of the company’s stock valued at $1,256,000 after purchasing an additional 2,023 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake in RTX by 1.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 60,966 shares of the company’s stock valued at $7,055,000 after purchasing an additional 593 shares in the last quarter. McDonough Capital Management Inc boosted its stake in RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company’s stock valued at $603,000 after purchasing an additional 80 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in RTX by 3.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 52,184 shares of the company’s stock valued at $6,039,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new position in RTX during the 4th quarter valued at $58,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $163.40.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, 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. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last three months. 0.13% of the stock is currently owned by insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $128.63 on Friday. 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 Co. has a 1 year low of $89.44 and a 1 year high of $135.36. The business has a fifty day simple moving average of $124.02 and a 200 day simple moving average of $121.79. The firm has a market cap of $171.35 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

About RTX

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.