RTX Co. (NYSE:RTX) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in RTX Co. (NYSE:RTX) by 181.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,569,733 shares of the company’s stock after acquiring an additional 1,011,816 shares during the period. AQR Capital Management LLC owned approximately 0.12% of RTX worth $181,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of RTX by 8.4% during the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company’s stock worth $1,494,257,000 after purchasing an additional 997,806 shares during the period. The Manufacturers Life Insurance Company grew its stake in RTX by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,377,769 shares of the company’s stock valued at $159,435,000 after purchasing an additional 52,471 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of RTX by 252.9% during the 4th quarter. Optiver Holding B.V. now owns 5,230 shares of the company’s stock worth $605,000 after acquiring an additional 3,748 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of RTX by 4.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 184,179 shares of the company’s stock worth $21,313,000 after acquiring an additional 8,430 shares in the last quarter. Finally, Whalerock Point Partners LLC boosted its stake in shares of RTX by 1.8% during the 4th quarter. Whalerock Point Partners LLC now owns 37,967 shares of the company’s stock worth $4,394,000 after acquiring an additional 678 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $124.79 on Tuesday. RTX Co. has a 52 week low of $99.07 and a 52 week 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 company has a fifty day simple moving average of $128.30 and a two-hundred day simple moving average of $123.75. The firm has a market capitalization of $166.71 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 73.90%.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RTX shares. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna reduced their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Baird R W raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a research note on Friday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $161.06.

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.