American Century Companies Inc. Sells 119,512 Shares of RTX Co. (NYSE:RTX)

American Century Companies Inc. lowered its position in shares of RTX Co. (NYSE:RTX - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,314,461 shares of the company's stock after selling 119,512 shares during the quarter. American Century Companies Inc. owned approximately 0.17% of RTX worth $267,829,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by company insiders.

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RTX Stock Performance

Shares of NYSE RTX traded down $1.20 during midday trading on Wednesday, hitting $134.46. 4,464,304 shares of the company's stock were exchanged, compared to its average volume of 5,358,497. RTX Co. has a 12 month low of $96.33 and a 12 month high of $135.94. The company's 50 day moving average price is $128.12 and its 200 day moving average price is $122.87. 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 has a market capitalization of $179.52 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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

RTX Dividend Announcement

The company also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is currently 70.99%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and boosted their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Susquehanna lifted their target price on RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Vertical Research raised RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Baird R W upgraded 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 issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $166.40.

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.