Fox Run Management L.L.C. Invests $301,000 in RTX Co. (NYSE:RTX)

Fox Run Management L.L.C. acquired a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,605 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors have also added to or reduced their stakes in RTX. FMR LLC boosted its stake in RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after buying an additional 490,109 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of RTX in the third quarter worth about $405,000. Freedom Investment Management Inc. boosted its stake in shares of RTX by 37.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,508 shares of the company’s stock valued at $425,000 after purchasing an additional 960 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of RTX during the 3rd quarter valued at approximately $46,889,000. Finally, CreativeOne Wealth LLC increased its position in RTX by 31.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 18,072 shares of the company’s stock worth $2,190,000 after purchasing an additional 4,374 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

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

RTX Stock Performance

Shares of RTX stock opened at $133.43 on Friday. The business has a 50-day moving average price of $128.38 and a two-hundred day moving average price of $122.94. RTX Co. has a 1-year low of $97.03 and a 1-year high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $178.14 billion, a P/E ratio of 37.59, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. RTX’s dividend payout ratio is 70.99%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.40.

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.