2,689 Shares in RTX Co. (NYSE:RTX) Acquired by May Hill Capital LLC

May Hill Capital LLC acquired a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,689 shares of the company’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RTX. Quantbot Technologies LP purchased a new stake in shares of RTX during the third quarter worth about $405,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in RTX in the 3rd quarter worth approximately $2,169,000. Erste Asset Management GmbH bought a new stake in shares of RTX in the 3rd quarter worth approximately $102,000. Benjamin Edwards Inc. increased its stake in shares of RTX by 729.7% during the third quarter. Benjamin Edwards Inc. now owns 80,803 shares of the company’s stock valued at $9,793,000 after buying an additional 71,064 shares during the period. Finally, Ascent Group LLC raised its holdings in shares of RTX by 487.1% during the third quarter. Ascent Group LLC now owns 14,671 shares of the company’s stock valued at $1,778,000 after acquiring an additional 12,172 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $132.85 on Wednesday. The company has a market capitalization of $177.36 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $97.03 and a twelve month high of $136.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $128.96 and a 200 day moving average of $123.24.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $166.40.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last three months. Insiders own 0.15% of the company’s stock.

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.