Geode Capital Management LLC Has $3.26 Billion Stock Holdings in RTX Co. (NYSE:RTX)

Geode Capital Management LLC lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,264,502 shares of the company's stock after buying an additional 1,000,722 shares during the quarter. Geode Capital Management LLC owned 2.12% of RTX worth $3,263,610,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RTX. Diametric Capital LP acquired a new stake in shares of RTX in the fourth quarter valued at about $302,000. National Bank of Canada FI boosted its stake in shares of RTX by 105.4% during the 4th quarter. National Bank of Canada FI now owns 2,195,166 shares of the company's stock worth $254,025,000 after acquiring an additional 1,126,678 shares in the last quarter. Mosaic Financial Group LLC increased its stake in RTX by 51.6% in the 4th quarter. Mosaic Financial Group LLC now owns 2,639 shares of the company's stock valued at $305,000 after purchasing an additional 898 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in RTX by 4.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 77,905 shares of the company's stock worth $9,818,000 after purchasing an additional 3,408 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after buying an additional 603,159 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and upped their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $166.40.

RTX Stock Performance

Shares of RTX stock traded down $10.06 on Friday, reaching $120.17. The stock had a trading volume of 3,297,819 shares, compared to its average volume of 5,569,966. RTX Co. has a fifty-two week low of $97.90 and a fifty-two week high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $160.43 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The business's 50-day moving average price is $129.21 and its two-hundred day moving average price is $123.36.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. 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 year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. 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 2.10%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

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.