World Investment Advisors Increases Stock Holdings in RTX Co. (NYSE:RTX)

World Investment Advisors increased its position in RTX Co. (NYSE:RTX - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,284 shares of the company's stock after purchasing an additional 10,475 shares during the quarter. World Investment Advisors' holdings in RTX were worth $5,935,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of RTX 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 sale, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % 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 ninety days. 0.15% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several research firms recently commented on RTX. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.40.

RTX Price Performance

Shares of NYSE RTX traded down $12.80 during mid-day trading on Friday, hitting $117.43. 8,524,627 shares of the stock traded hands, compared to its average volume of 5,558,594. The firm has a 50 day simple moving average of $129.05 and a two-hundred day simple moving average of $123.35. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a market cap of $156.78 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. 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 (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given 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 yield of 2.15%. RTX's dividend payout ratio (DPR) is currently 70.99%.

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.