Sei Investments Co. Buys 11,764 Shares of RTX Co. (NYSE:RTX)

Sei Investments Co. raised its stake in RTX Co. (NYSE:RTX - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 655,088 shares of the company's stock after acquiring an additional 11,764 shares during the period. Sei Investments Co.'s holdings in RTX were worth $75,806,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. grew its stake in RTX by 0.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock worth $1,401,000 after buying an additional 79 shares during the last quarter. Fusion Capital LLC grew its position in shares of RTX by 0.5% during the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after acquiring an additional 80 shares during the last quarter. McDonough Capital Management Inc increased its holdings in shares of RTX by 1.6% in the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after acquiring an additional 80 shares during the period. New England Professional Planning Group Inc. lifted its position in RTX by 3.8% in the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after purchasing an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC boosted its stake in RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after purchasing an additional 81 shares during the period. 86.50% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. StockNews.com cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research report on Monday. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Four investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.40.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

RTX Stock Up 0.9 %

Shares of RTX stock traded up $1.15 during midday trading on Tuesday, reaching $135.84. 2,524,644 shares of the company's stock traded hands, compared to its average volume of 5,370,216. The company has a market cap of $181.36 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 52 week low of $95.27 and a 52 week high of $135.74. The company's 50 day simple moving average is $127.48 and its 200 day simple moving average is $122.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is 70.99%.

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.