Victrix Investment Advisors Buys Shares of 6,082 RTX Co. (NYSE:RTX)

Victrix Investment Advisors bought a new stake in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,082 shares of the company’s stock, valued at approximately $704,000.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Norges Bank bought a new stake in shares of RTX in the 4th quarter worth $1,745,644,000. T. Rowe Price Investment Management Inc. raised its stake in shares of RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock worth $1,216,063,000 after buying an additional 3,164,844 shares in the last quarter. Amundi raised its stake in shares of RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in shares of RTX in the 4th quarter worth $216,340,000. Finally, Invesco Ltd. raised its stake in shares of RTX by 17.6% in the 4th quarter. Invesco Ltd. now owns 10,157,769 shares of the company’s stock worth $1,175,457,000 after buying an additional 1,522,251 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $135.37 on Monday. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.40. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $180.85 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.11 and a beta of 0.60. The stock’s fifty day simple moving average is $128.66 and its 200-day simple moving average is $124.23.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. On average, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.01%. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is 79.77%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business’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 transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business’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 transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock worth $9,024,856 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RTX shares. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. UBS Group lifted their target price on RTX from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a report on Wednesday, April 23rd. Finally, Citigroup decreased their target price on RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $159.82.

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.