Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 6,566 Shares of RTX Co. (NYSE:RTX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,014 shares of the company's stock after selling 6,566 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in RTX were worth $32,750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Berkeley Capital Partners LLC acquired a new stake in RTX in the 4th quarter worth $1,203,000. iA Global Asset Management Inc. grew its position in RTX by 104.9% during the fourth quarter. iA Global Asset Management Inc. now owns 44,535 shares of the company's stock worth $5,154,000 after buying an additional 22,795 shares in the last quarter. Teacher Retirement System of Texas increased its stake in RTX by 45.0% during the fourth quarter. Teacher Retirement System of Texas now owns 521,575 shares of the company's stock valued at $60,357,000 after acquiring an additional 161,757 shares during the period. Investment House LLC raised its holdings in RTX by 2.7% in the 4th quarter. Investment House LLC now owns 3,740 shares of the company's stock valued at $433,000 after acquiring an additional 100 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in shares of RTX by 206.3% in the 4th quarter. Vinva Investment Management Ltd now owns 31,462 shares of the company's stock worth $3,625,000 after acquiring an additional 21,189 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

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RTX Trading Down 1.6 %

RTX stock traded down $2.12 during mid-day trading on Friday, hitting $132.35. The stock had a trading volume of 9,544,708 shares, compared to its average volume of 5,373,375. The stock has a market capitalization of $176.70 billion, a PE ratio of 37.28, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 12 month low of $95.27 and a 12 month high of $135.74. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a 50-day simple moving average of $127.15 and a two-hundred day simple moving average of $122.55.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is currently 70.99%.

Insider Transactions at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last three months. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Four research 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 company. Based on data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.40.

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.