RTX Co. (NYSE:RTX) Stock Holdings Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of RTX Co. (NYSE:RTX) by 884.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,300 shares of the company’s stock after acquiring an additional 5,660 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in RTX were worth $530,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Quarry LP purchased a new stake in RTX during the first quarter valued at about $28,000. Bear Mountain Capital Inc. purchased a new stake in RTX during the fourth quarter valued at about $25,000. Planned Solutions Inc. purchased a new stake in RTX during the fourth quarter valued at about $30,000. Strengthening Families & Communities LLC purchased a new stake in RTX during the third quarter valued at about $28,000. Finally, Financial Gravity Asset Management Inc. lifted its stake in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.1 %

Shares of RTX stock opened at $100.75 on Thursday. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $94.13 and its two-hundred day moving average is $86.13. The company has a market cap of $133.96 billion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. During the same quarter last year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. RTX’s dividend payout ratio is 105.36%.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on RTX shares. Royal Bank of Canada upped their price objective on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and upped their target price for the company from $78.00 to $100.00 in a report on Thursday, January 25th. UBS Group upped their target price on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Robert W. Baird upped their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $94.44.

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.