Compagnie Lombard Odier SCmA Invests $1.66 Million in RTX Co. (NYSE:RTX)

Compagnie Lombard Odier SCmA bought a new position in shares of RTX Co. (NYSE:RTX) during the first quarter, Holdings Channel.com reports. The fund bought 12,547 shares of the company’s stock, valued at approximately $1,662,000.

A number of other institutional investors also recently modified their holdings of RTX. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares in the last quarter. Greenline Partners LLC purchased a new stake in RTX in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in RTX during the 4th quarter valued at $39,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.6%

Shares of RTX stock opened at $140.92 on Friday. RTX Co. has a 1 year low of $99.07 and a 1 year high of $149.94. The firm has a market cap of $188.26 billion, a PE ratio of 39.70, a P/E/G ratio of 2.11 and a beta of 0.63. The stock has a fifty day moving average price of $130.91 and a 200-day moving average price of $126.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.72 annualized dividend and a yield of 1.93%. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio (DPR) is 79.77%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Benchmark upgraded RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, May 14th. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a research note on Friday, April 25th. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Robert W. Baird upgraded RTX from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $159.82.

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president now directly owns 16,538 shares of the company’s stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

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.