Schroder Investment Management Group Has $73.40 Million Stock Holdings in RTX Co. (NYSE:RTX)

Schroder Investment Management Group increased its position in shares of RTX Co. (NYSE:RTX - Free Report) by 195.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 637,058 shares of the company's stock after acquiring an additional 421,137 shares during the period. Schroder Investment Management Group's holdings in RTX were worth $73,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after purchasing an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC increased its position in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of RTX by 3.1% in 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 in the last quarter. Norges Bank purchased a new stake in shares of RTX in the 4th quarter valued at approximately $1,745,644,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of RTX by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,247,429 shares of the company's stock valued at $1,185,832,000 after acquiring an additional 151,474 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their target price for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Morgan Stanley boosted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $166.40.

RTX Trading Up 0.3 %

Shares of NYSE RTX traded up $0.39 during midday trading on Tuesday, hitting $132.85. The stock had a trading volume of 4,798,756 shares, compared to its average volume of 5,629,088. 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 firm has a market cap of $177.36 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company's 50-day simple moving average is $128.96 and its 200 day simple moving average is $123.24.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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%. Research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued 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 of this dividend was Friday, February 21st. RTX's dividend payout ratio is presently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company's stock.

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.