Vantus Wealth LLC bought a new stake in RTX Corporation (NYSE:RTX – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,660 shares of the company’s stock, valued at approximately $671,000.
Several other hedge funds have also recently made changes to their positions in RTX. Norges Bank bought a new stake in shares of RTX in the fourth quarter valued at $3,167,626,000. Vanguard Group Inc. grew its position in shares of RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares in the last quarter. California Public Employees Retirement System grew its position in shares of RTX by 27.5% in the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock valued at $802,640,000 after purchasing an additional 1,034,456 shares in the last quarter. Groupama Asset Managment purchased a new stake in RTX during the 3rd quarter worth about $150,078,000. Finally, Legal & General Group Plc lifted its holdings in RTX by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after purchasing an additional 846,656 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.
RTX Price Performance
Shares of NYSE RTX opened at $174.39 on Tuesday. The firm has a market capitalization of $234.84 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.55 and a beta of 0.31. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $185.52 and its two-hundred day simple moving average is $188.78. RTX Corporation has a twelve month low of $135.43 and a twelve month high of $214.50.
RTX Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is currently 54.78%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on RTX shares. UBS Group reduced their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Citigroup reduced their target price on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $210.75.
Check Out Our Latest Stock Report on RTX
About RTX
RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.
RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.
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