Royal London Asset Management Ltd. Sells 5,550 Shares of RTX Co. (NYSE:RTX)

Royal London Asset Management Ltd. decreased its holdings in RTX Co. (NYSE:RTX - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 593,570 shares of the company's stock after selling 5,550 shares during the quarter. Royal London Asset Management Ltd.'s holdings in RTX were worth $68,688,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Investment House LLC lifted its position in shares of RTX by 2.7% during the fourth quarter. Investment House LLC now owns 3,740 shares of the company's stock worth $433,000 after acquiring an additional 100 shares in the last quarter. Vinva Investment Management Ltd lifted its position in shares of RTX by 206.3% during the fourth quarter. Vinva Investment Management Ltd now owns 31,462 shares of the company's stock worth $3,625,000 after acquiring an additional 21,189 shares in the last quarter. North Forty Two & Co. purchased a new stake in shares of RTX during the fourth quarter worth $428,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of RTX during the fourth quarter worth $240,000. Finally, Brooklyn FI LLC purchased a new stake in shares of RTX during the fourth quarter worth $533,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Down 1.6 %

RTX traded down $2.12 during trading hours on Friday, reaching $132.35. 9,544,708 shares of the stock traded hands, compared to its average volume of 5,373,375. The company has a market cap of $176.70 billion, a price-to-earnings ratio of 37.28, 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 fifty-two week low of $95.27 and a fifty-two week high of $135.74. The firm's fifty day simple moving average is $127.15 and its two-hundred day simple moving average is $122.55.

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RTX (NYSE:RTX - Get Free Report) last announced 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 forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is currently 70.99%.

Analysts Set New Price Targets

A number of research firms recently commented on RTX. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Four equities research 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. Based on data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average target price of $166.40.

Insider Buying and Selling at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

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.