CANADA LIFE ASSURANCE Co Buys 22,336 Shares of RTX Co. (NYSE:RTX)

CANADA LIFE ASSURANCE Co raised its stake in shares of RTX Co. (NYSE:RTX) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 388,552 shares of the company’s stock after purchasing an additional 22,336 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in RTX were worth $44,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of RTX in the third quarter worth approximately $321,000. Tudor Financial Inc. purchased a new position in shares of RTX during the 3rd quarter valued at $797,000. World Investment Advisors LLC boosted its holdings in RTX by 37.1% in the 3rd quarter. World Investment Advisors LLC now owns 40,809 shares of the company’s stock worth $4,944,000 after buying an additional 11,033 shares during the period. Sfmg LLC increased its stake in RTX by 4.7% in the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company’s stock worth $8,963,000 after buying an additional 3,306 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in RTX by 365.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company’s stock valued at $13,962,000 after acquiring an additional 90,499 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of NYSE RTX opened at $128.89 on Friday. The company has a market cap of $172.07 billion, a P/E ratio of 36.31, a PEG ratio of 2.11 and a beta of 0.58. The firm has a 50-day simple moving average of $128.59 and a two-hundred day simple moving average of $123.83. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. 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, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. Research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. RTX’s dividend payout ratio is currently 70.99%.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The transaction 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 stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on RTX shares. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $165.27.

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.