Capital International Inc. CA Buys 15,403 Shares of RTX Co. (NYSE:RTX)

Capital International Inc. CA raised its stake in RTX Co. (NYSE:RTX) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,507 shares of the company’s stock after acquiring an additional 15,403 shares during the period. Capital International Inc. CA’s holdings in RTX were worth $33,386,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in shares of RTX during the 3rd quarter worth approximately $321,000. Tudor Financial Inc. acquired a new position in shares of RTX during the 3rd quarter worth $797,000. World Investment Advisors LLC boosted its stake in RTX by 37.1% in the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company’s stock valued at $4,944,000 after buying an additional 11,033 shares in the last quarter. Sfmg LLC grew its position in RTX by 4.7% in the third quarter. Sfmg LLC now owns 73,978 shares of the company’s stock valued at $8,963,000 after acquiring an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in RTX by 365.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company’s stock worth $13,962,000 after acquiring an additional 90,499 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RTX. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and raised their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $165.27.

RTX Trading Down 0.3 %

NYSE:RTX opened at $128.89 on Friday. The firm’s fifty day moving average is $128.59 and its 200-day moving average is $123.83. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market cap of $172.07 billion, a P/E ratio of 36.31, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

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.