SageView Advisory Group LLC Grows Stake in RTX Co. (NYSE:RTX)

SageView Advisory Group LLC grew its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,033 shares of the company's stock after acquiring an additional 2,099 shares during the period. SageView Advisory Group LLC's holdings in RTX were worth $1,624,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in RTX during the fourth quarter valued at $31,000. Picton Mahoney Asset Management increased 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 worth $31,000 after purchasing an additional 265 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in RTX in the fourth quarter valued at approximately $39,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX in the 4th quarter worth $40,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE RTX traded down $0.55 during trading on Tuesday, reaching $128.59. 6,314,415 shares of the company traded hands, compared to its average volume of 5,486,108. 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 50 day simple moving average of $128.56 and a 200-day simple moving average of $123.68. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.17. The stock has a market capitalization of $171.68 billion, a PE ratio of 36.22, a P/E/G ratio of 2.11 and a beta of 0.58.

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RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX's dividend payout ratio is currently 70.99%.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm'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 directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RTX shares. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.27.

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.