Vise Technologies Inc. Has $1.64 Million Stake in RTX Co. (NYSE:RTX)

Vise Technologies Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 72.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,164 shares of the company’s stock after acquiring an additional 5,952 shares during the period. Vise Technologies Inc.’s holdings in RTX were worth $1,639,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. City National Bank of Florida MSD acquired a new position in shares of RTX during the 4th quarter valued at about $419,000. Cornerstone Advisory LLC increased its holdings in shares of RTX by 11.2% during the 4th quarter. Cornerstone Advisory LLC now owns 8,378 shares of the company’s stock valued at $1,026,000 after acquiring an additional 845 shares during the last quarter. RB Capital Management LLC grew its holdings in RTX by 2.3% in the 4th quarter. RB Capital Management LLC now owns 8,210 shares of the company’s stock valued at $950,000 after buying an additional 186 shares during the last quarter. 49 Wealth Management LLC grew its holdings in RTX by 3.3% in the 4th quarter. 49 Wealth Management LLC now owns 2,609 shares of the company’s stock valued at $302,000 after buying an additional 84 shares during the last quarter. Finally, DCM Advisors LLC grew its holdings in RTX by 19.3% in the 4th quarter. DCM Advisors LLC now owns 41,996 shares of the company’s stock valued at $4,860,000 after buying an additional 6,808 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $132.38 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a market capitalization of $176.85 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a one year low of $99.07 and a one year high of $138.82. The business has a 50 day simple moving average of $129.13 and a 200 day simple moving average of $124.72.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed 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 is an increase from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a yield of 2.05%. RTX’s payout ratio is presently 79.77%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on 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 owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,946 shares of company stock worth $9,024,856. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RTX shares. Wells Fargo & Company raised their target price on RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, April 15th. Benchmark raised RTX from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Susquehanna lowered their target price on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Finally, DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $159.82.

About RTX

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.