Kesler Norman & Wride LLC Has $1.10 Million Position in RTX Co. (NYSE:RTX)

Kesler Norman & Wride LLC lowered its stake in RTX Co. (NYSE:RTX - Free Report) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,483 shares of the company's stock after selling 5,186 shares during the quarter. Kesler Norman & Wride LLC's holdings in RTX were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Geode Capital Management LLC boosted its stake in RTX by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after buying an additional 1,000,722 shares in the last quarter. Fisher Asset Management LLC grew its holdings in RTX by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after acquiring an additional 576,214 shares during the period. Franklin Resources Inc. raised its position in RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after acquiring an additional 603,159 shares in the last quarter. Finally, Norges Bank acquired a new stake in RTX in the 4th quarter valued at about $1,745,644,000. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated 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 approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 over the last three months. Corporate insiders own 0.15% of the company's stock.

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RTX Stock Down 2.3 %

RTX traded down $3.01 during trading on Thursday, reaching $130.14. 4,598,452 shares of the stock traded hands, compared to its average volume of 5,611,506. 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 fifty-two week low of $97.03 and a fifty-two week high of $136.17. The stock's 50-day simple moving average is $129.13 and its two-hundred day simple moving average is $123.31. The stock has a market cap of $173.75 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last released 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%. As a group, equities research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is presently 70.99%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, UBS Group raised RTX from a "neutral" rating to a "buy" rating in a research note on Monday, March 24th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

RTX 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.