RTX Corporation (NYSE:RTX) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in RTX Corporation (NYSE:RTX) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,623 shares of the company’s stock after purchasing an additional 480 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in RTX were worth $16,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $26,000. 10Elms LLP acquired a new position in shares of RTX in the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management lifted its holdings in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a “market perform” rating in a report on Friday. Wells Fargo & Company upped their target price on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on shares of RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Finally, UBS Group upped their target price on shares of RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.61.

RTX Trading Up 1.8%

Shares of RTX stock opened at $149.47 on Tuesday. The company has a fifty day simple moving average of $139.16 and a 200-day simple moving average of $130.49. RTX Corporation has a 12-month low of $101.52 and a 12-month high of $150.22. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $199.68 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 2.73 and a beta of 0.64.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.82%. RTX’s dividend payout ratio is currently 79.77%.

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.