RTX Co. (NYSE:RTX) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its stake in RTX Co. (NYSE:RTX - Free Report) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,890,454 shares of the company's stock after selling 438,761 shares during the period. Price T Rowe Associates Inc. MD owned 0.22% of RTX worth $334,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp increased its position in RTX by 1.1% during the fourth quarter. Stifel Financial Corp now owns 1,802,962 shares of the company's stock worth $208,643,000 after acquiring an additional 19,991 shares during the period. Vectors Research Management LLC grew its position in RTX by 3.3% during the 4th quarter. Vectors Research Management LLC now owns 37,988 shares of the company's stock worth $4,396,000 after acquiring an additional 1,218 shares during the last quarter. Wealth Dimensions Group Ltd. raised its holdings in shares of RTX by 34.7% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 2,611 shares of the company's stock valued at $302,000 after buying an additional 673 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of RTX by 244.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 70,569 shares of the company's stock worth $8,166,000 after purchasing an additional 50,060 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of RTX in the 4th quarter valued at $213,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of the business'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 directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $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 three months, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RTX shares. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and boosted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. UBS Group raised their price target on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, RTX presently has a consensus rating of "Buy" and an average price target of $161.38.

RTX Stock Up 2.8 %

Shares of RTX stock traded up $3.46 on Friday, reaching $125.43. The company's stock had a trading volume of 6,204,846 shares, compared to its average volume of 5,505,094. The firm's fifty day simple moving average is $128.31 and its two-hundred day simple moving average is $123.75. 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 company has a market capitalization of $167.46 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is currently 73.90%.

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.