Renaissance Technologies LLC Has $4.14 Million Holdings in RTX Co. (NYSE:RTX)

Renaissance Technologies LLC lowered its holdings in shares of RTX Co. (NYSE:RTX) by 92.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,731 shares of the company’s stock after selling 441,515 shares during the period. Renaissance Technologies LLC’s holdings in RTX were worth $4,135,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Modus Advisors LLC bought a new position in RTX during the 4th quarter valued at about $39,000. Millstone Evans Group LLC bought a new stake in RTX during the fourth quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RTX. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and raised their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Four investment 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 stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $165.27.

RTX Trading Down 2.1 %

RTX stock opened at $126.12 on Tuesday. The stock has a market cap of $168.38 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a fifty day moving average price of $128.57 and a two-hundred day moving average price of $123.84. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities 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. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. RTX’s payout ratio is 70.99%.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by corporate insiders.

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.