Focused Investors LLC Sells 6,750 Shares of RTX Co. (NYSE:RTX)

Focused Investors LLC cut its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 782,600 shares of the company's stock after selling 6,750 shares during the quarter. RTX accounts for about 2.9% of Focused Investors LLC's investment portfolio, making the stock its 20th largest holding. Focused Investors LLC owned 0.06% of RTX worth $90,562,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its position in RTX by 32.7% during the third quarter. Intech Investment Management LLC now owns 50,497 shares of the company's stock valued at $6,118,000 after purchasing an additional 12,445 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of RTX during the 3rd quarter worth about $379,000. Pacer Advisors Inc. lifted its holdings in shares of RTX by 3.9% during the 3rd quarter. Pacer Advisors Inc. now owns 98,965 shares of the company's stock valued at $11,991,000 after buying an additional 3,676 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in RTX by 6.4% in the third quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company's stock worth $7,846,000 after buying an additional 3,818 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in RTX during the third quarter valued at approximately $849,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded up $1.15 during mid-day trading on Tuesday, hitting $135.84. The company had a trading volume of 3,972,288 shares, compared to its average volume of 5,370,216. RTX Co. has a 12 month low of $95.27 and a 12 month high of $135.74. 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 firm has a market cap of $181.36 billion, a P/E ratio of 38.26, a PEG ratio of 2.11 and a beta of 0.78. The business's 50-day simple moving average is $127.48 and its 200-day simple moving average is $122.66.

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RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of the business's 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 sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. UBS Group raised shares of RTX from a "neutral" rating to a "buy" rating in a research report on Monday. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and increased their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada boosted their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

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.