Fjell Capital LLC Has $1.05 Million Position in RTX Co. (NYSE:RTX)

Fjell Capital LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 27.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,895 shares of the company’s stock after purchasing an additional 1,677 shares during the quarter. Fjell Capital LLC’s holdings in RTX were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Norges Bank acquired a new stake in shares of RTX during the 4th quarter worth about $1,745,644,000. GAMMA Investing LLC raised its holdings in RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company’s stock valued at $551,460,000 after acquiring an additional 4,135,349 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in RTX by 43.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company’s stock worth $1,216,063,000 after acquiring an additional 3,164,844 shares during the last quarter. Amundi boosted its holdings in shares of RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after acquiring an additional 2,854,928 shares during the period. Finally, Capital Wealth Planning LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $216,340,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $138.99 on Friday. 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 $185.68 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a 50 day moving average of $129.50 and a 200-day moving average of $125.61. RTX Co. has a 1-year low of $99.07 and a 1-year high of $139.77.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share 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 firm had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.80 billion. As a group, equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is currently 79.77%.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president now owns 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Citigroup lowered their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, RTX has an average rating of “Buy” and a consensus price target of $159.82.

RTX 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.