RTX Co. (NYSE:RTX) Shares Sold by Sanders Capital LLC

Sanders Capital LLC lessened its stake in RTX Co. (NYSE:RTX - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,522,676 shares of the company's stock after selling 1,389,386 shares during the quarter. RTX accounts for approximately 1.6% of Sanders Capital LLC's portfolio, making the stock its 18th biggest position. Sanders Capital LLC owned approximately 0.71% of RTX worth $1,101,964,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RTX. Norges Bank purchased a new stake in shares of RTX during the 4th quarter worth $1,745,644,000. Amundi lifted its holdings in RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after buying an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock worth $286,845,000 after acquiring an additional 2,094,834 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in shares of RTX in the 4th quarter valued at about $216,340,000. Finally, Invesco Ltd. lifted its stake in RTX by 17.6% during the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock worth $1,175,457,000 after purchasing an additional 1,522,251 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 0.4 %

RTX stock traded down $0.55 during trading on Tuesday, reaching $128.59. The company had a trading volume of 6,314,415 shares, compared to its average volume of 5,486,125. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock's 50 day moving average price is $128.55 and its two-hundred day moving average price is $123.71. The firm has a market capitalization of $171.68 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.11 and a beta of 0.58.

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RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. upped 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. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Four investment 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, RTX presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last ninety days. 0.15% of the stock is owned by company insiders.

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.