ING Groep NV Decreases Position in RTX Co. (NYSE:RTX)

ING Groep NV reduced its position in shares of RTX Co. (NYSE:RTX - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,999 shares of the company's stock after selling 7,908 shares during the period. ING Groep NV's holdings in RTX were worth $19,672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after buying an additional 508,344 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after buying an additional 852,183 shares during the last quarter. FMR LLC grew its stake in shares of RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company's stock worth $739,421,000 after buying an additional 490,109 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of RTX by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company's stock worth $713,222,000 after buying an additional 140,697 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of RTX by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,963,067 shares of the company's stock worth $342,886,000 after buying an additional 25,407 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Down 1.5 %

RTX stock traded down $1.88 during trading hours on Friday, reaching $123.23. 4,845,158 shares of the company's stock were exchanged, compared to its average volume of 4,781,505. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm's 50 day simple moving average is $121.49 and its 200 day simple moving average is $120.89. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The firm has a market capitalization of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX's dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $163.07.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were 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 approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

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.