Shelton Capital Management Grows Position in RTX Co. (NYSE:RTX)

Shelton Capital Management grew its position in RTX Co. (NYSE:RTX - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,305 shares of the company's stock after purchasing an additional 22,261 shares during the period. Shelton Capital Management's holdings in RTX were worth $20,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in RTX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after buying an additional 1,252,448 shares during the period. Geode Capital Management LLC boosted its stake in RTX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after acquiring an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of RTX by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after acquiring an additional 576,214 shares during the period. Franklin Resources Inc. increased its stake in shares of RTX by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after purchasing an additional 603,159 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of RTX in the 4th quarter worth approximately $1,745,644,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank of Canada boosted their price objective on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Morgan Stanley lifted their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $164.73.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX 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 completion of the sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. 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. Company insiders own 0.15% of the company's stock.

RTX Price Performance

NYSE:RTX traded up $1.17 during mid-day trading on Friday, reaching $128.24. The stock had a trading volume of 3,654,021 shares, compared to its average volume of 5,512,213. The stock has a market capitalization of $171.21 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.11 and a beta of 0.58. The firm has a 50 day moving average price of $128.56 and a two-hundred day moving average price of $123.59. 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 Co. has a one year low of $99.07 and a one year high of $136.17.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) 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%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 annualized dividend and a yield of 1.97%. RTX's payout ratio is 70.99%.

RTX Company 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.