Orion Portfolio Solutions LLC boosted its stake in RTX Co. (NYSE:RTX - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 108,267 shares of the company's stock after acquiring an additional 3,173 shares during the quarter. Orion Portfolio Solutions LLC's holdings in RTX were worth $12,529,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. boosted its position in shares of RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after acquiring an additional 79 shares during the last quarter. Fusion Capital LLC boosted its holdings in shares of RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after purchasing an additional 80 shares during the last quarter. McDonough Capital Management Inc increased its holdings in shares of RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after buying an additional 80 shares during the last quarter. New England Professional Planning Group Inc. raised its position in shares of RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after buying an additional 81 shares during the period. Finally, Pointe Capital Management LLC boosted its holdings in RTX by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Price Performance
Shares of RTX traded down $0.16 during trading hours on Tuesday, hitting $132.30. 1,150,048 shares of the company were exchanged, compared to its average volume of 5,630,697. The firm has a fifty day simple moving average of $128.82 and a 200-day simple moving average of $123.15. The company has a market capitalization of $176.63 billion, a PE ratio of 37.23, a PEG ratio of 2.11 and a beta of 0.78. 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 Co. has a one year low of $97.03 and a one year high of $136.17.
RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. As a group, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.
RTX Announces Dividend
The company also recently declared 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. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. RTX's dividend payout ratio is currently 70.99%.
Insider Buying and Selling
In other news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Vertical Research raised RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Susquehanna raised their target price on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $166.40.
View Our Latest Analysis on RTX
RTX Company Profile
(
Free Report)
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.
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