RTX Corporation (NYSE:RTX) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 38.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,015 shares of the company’s stock after purchasing an additional 43,337 shares during the quarter. Penserra Capital Management LLC’s holdings in RTX were worth $20,664,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Traveka Wealth LLC increased its position in RTX by 3.5% during the 1st quarter. Traveka Wealth LLC now owns 2,886 shares of the company’s stock worth $382,000 after purchasing an additional 97 shares in the last quarter. Pure Portfolios Holdings LLC increased its position in RTX by 2.1% during the 1st quarter. Pure Portfolios Holdings LLC now owns 4,703 shares of the company’s stock worth $623,000 after purchasing an additional 98 shares in the last quarter. Rice Partnership LLC increased its position in RTX by 14.4% during the 1st quarter. Rice Partnership LLC now owns 87,495 shares of the company’s stock worth $11,590,000 after purchasing an additional 11,034 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in RTX in the first quarter valued at approximately $54,000. Finally, Argentarii LLC acquired a new stake in RTX in the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $145.80 on Friday. The stock has a 50 day moving average of $137.24 and a 200-day moving average of $129.37. RTX Corporation has a 52 week low of $99.42 and a 52 week high of $149.26. The stock has a market cap of $194.78 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

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 12.71% and a net margin of 5.63%. The firm had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. On average, analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.87%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Royal Bank Of Canada lowered their price objective on shares of RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Susquehanna lowered their price objective on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of RTX from $150.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned 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 target price of $161.12.

Insider Buying and Selling at RTX

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

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.