Putnam Investments LLC Buys 28,225 Shares of RTX Co. (NYSE:RTX)

Putnam Investments LLC increased its stake in RTX Co. (NYSE:RTXFree Report) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,932,587 shares of the company’s stock after acquiring an additional 28,225 shares during the period. Putnam Investments LLC’s holdings in RTX were worth $415,028,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RTX. Capital Research Global Investors lifted its stake in shares of RTX by 23.7% during the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock valued at $7,608,822,000 after acquiring an additional 17,351,313 shares during the period. Capital International Investors lifted its position in RTX by 20.6% during the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock valued at $5,488,752,000 after purchasing an additional 11,163,222 shares during the period. Norges Bank bought a new position in shares of RTX in the 4th quarter valued at about $690,154,000. Massachusetts Financial Services Co. MA grew its position in shares of RTX by 82.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock worth $1,288,157,000 after buying an additional 6,932,011 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in RTX by 129.9% in the fourth quarter. Van ECK Associates Corp now owns 4,061,202 shares of the company’s stock valued at $341,710,000 after buying an additional 2,294,908 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.4 %

NYSE RTX traded down $0.48 on Tuesday, reaching $106.61. The company had a trading volume of 1,394,421 shares, compared to its average volume of 7,516,147. The company’s fifty day moving average is $103.48 and its 200-day moving average is $93.46. The firm has a market capitalization of $141.74 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX Co. has a 1-year low of $68.56 and a 1-year high of $108.65.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. On average, research analysts forecast that RTX Co. will post 5.4 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is presently 98.82%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Bank of America lifted their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company increased their target price on RTX from $119.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Robert W. Baird boosted their target price on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Citigroup lifted their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.33.

Check Out Our Latest Report on RTX

Insider Buying and Selling

In other news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is owned by insiders.

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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