RTX Co. (NYSE:RTX) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 36.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,955,257 shares of the company's stock after selling 1,111,168 shares during the period. Neuberger Berman Group LLC owned approximately 0.15% of RTX worth $226,262,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RTX. Fairway Wealth LLC acquired a new position in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the period. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter valued at approximately $39,000. Millstone Evans Group LLC purchased a new position in shares of RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX in the 4th quarter valued at approximately $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction on Monday, February 24th. The shares were 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 of the company's stock, valued at $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. In the last three months, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently weighed in on RTX shares. Wells Fargo & Company dropped their price objective on RTX from $156.00 to $136.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research note on Monday, March 24th. JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.73.

RTX Price Performance

RTX stock traded up $1.17 during mid-day trading on Friday, hitting $128.24. 3,654,021 shares of the company were exchanged, compared to its average volume of 5,512,213. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The company has a market capitalization of $171.21 billion, a P/E ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.58. The business's 50 day simple moving average is $128.56 and its two-hundred day simple moving average is $123.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. Analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. 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 1.97%. RTX's dividend payout ratio (DPR) is currently 70.99%.

RTX Company 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.