Picton Mahoney Asset Management Boosts Holdings in RTX Co. (NYSE:RTX)

Picton Mahoney Asset Management raised its holdings in shares of RTX Co. (NYSE:RTX) by 2,944.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274 shares of the company’s stock after acquiring an additional 265 shares during the quarter. Picton Mahoney Asset Management’s holdings in RTX were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in RTX. TrinityPoint Wealth LLC increased its holdings in RTX by 0.5% during the 3rd quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock valued at $4,695,000 after acquiring an additional 186 shares in the last quarter. Aljian Capital Management LLC increased its holdings in RTX by 31.8% during the 3rd quarter. Aljian Capital Management LLC now owns 21,631 shares of the company’s stock valued at $2,621,000 after acquiring an additional 5,219 shares in the last quarter. Quest Partners LLC increased its holdings in RTX by 8,216.2% during the 3rd quarter. Quest Partners LLC now owns 19,460 shares of the company’s stock valued at $2,358,000 after acquiring an additional 19,226 shares in the last quarter. Taurus Asset Management LLC boosted its stake in shares of RTX by 9.4% during the 3rd quarter. Taurus Asset Management LLC now owns 4,344 shares of the company’s stock worth $526,000 after purchasing an additional 375 shares during the last quarter. Finally, Capital City Trust Co. FL boosted its stake in shares of RTX by 3.5% during the 3rd quarter. Capital City Trust Co. FL now owns 9,327 shares of the company’s stock worth $1,130,000 after purchasing an additional 315 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 1.4 %

Shares of RTX stock opened at $131.86 on Tuesday. The stock has a market cap of $176.04 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a fifty-two week low of $92.35 and a fifty-two week high of $135.36. The firm’s 50 day moving average price is $125.69 and its two-hundred day moving average price is $122.23.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. On average, 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 will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.91%. RTX’s dividend payout ratio is currently 70.99%.

Analyst Ratings Changes

Several research firms have issued reports on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley raised their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Susquehanna raised their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.40.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction 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 trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. This 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 worth $10,309,302 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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.