Edmond DE Rothschild Holding S.A. Purchases Shares of 5,096 RTX Co. (NYSE:RTX)

Edmond DE Rothschild Holding S.A. bought a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 5,096 shares of the company’s stock, valued at approximately $590,000.

A number of other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management boosted its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the period. Modus Advisors LLC acquired a new stake in RTX in the 4th quarter valued at $39,000. Millstone Evans Group LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last quarter. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RTX shares. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a report on Monday, March 24th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Trading Up 0.3 %

NYSE:RTX opened at $132.85 on Wednesday. The company has a market cap of $177.36 billion, a PE ratio of 37.42, a P/E/G ratio of 2.11 and a beta of 0.78. The business’s 50 day moving average is $128.96 and its two-hundred day moving average is $123.24. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $97.03 and a 52 week high of $136.17.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. On average, analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.90%. RTX’s dividend payout ratio (DPR) is 70.99%.

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.