Oxford Asset Management LLP Buys 2,161 Shares of RTX Co. (NYSE:RTX)

Oxford Asset Management LLP boosted its stake in RTX Co. (NYSE:RTX) by 39.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,684 shares of the company’s stock after acquiring an additional 2,161 shares during the quarter. Oxford Asset Management LLP’s holdings in RTX were worth $889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bolthouse Investments LLC acquired a new stake in RTX in the 4th quarter valued at approximately $646,000. Johnson Financial Group Inc. boosted its holdings in RTX by 5.5% during the fourth quarter. Johnson Financial Group Inc. now owns 1,879 shares of the company’s stock worth $217,000 after purchasing an additional 98 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in RTX by 0.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 29,143 shares of the company’s stock valued at $3,372,000 after buying an additional 128 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of RTX by 2.4% during the 4th quarter. Capital Analysts LLC now owns 141,443 shares of the company’s stock worth $16,367,000 after buying an additional 3,275 shares during the last quarter. Finally, Voya Financial Advisors Inc. increased its position in shares of RTX by 1.7% during the 4th quarter. Voya Financial Advisors Inc. now owns 5,954 shares of the company’s stock worth $686,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $125.43 on Friday. 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 company has a market cap of $167.46 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The business has a fifty day simple moving average of $128.31 and a 200 day simple moving average of $123.74.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 73.90%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and raised their target price for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Wells Fargo & Company boosted their price target on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX has an average rating of “Buy” and a consensus target price of $161.38.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 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.