RTX Co. (NYSE:RTX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in RTX Co. (NYSE:RTX - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,629,648 shares of the company's stock after selling 36,987 shares during the period. Wellington Management Group LLP owned about 0.20% of RTX worth $304,303,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RTX. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% during the fourth 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 during the period. Geode Capital Management LLC grew its position in RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after buying an additional 508,344 shares in the last quarter. Fisher Asset Management LLC increased its stake in RTX by 3.1% during the 4th 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 during the period. Norges Bank acquired a new position in RTX in the 4th quarter valued at $1,745,644,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of RTX by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,247,429 shares of the company's stock worth $1,185,832,000 after purchasing an additional 151,474 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Four 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.40.

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Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction 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 transaction, the executive vice president now owns 44,415 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.3 %

RTX traded up $0.45 during mid-day trading on Wednesday, hitting $133.30. 3,349,299 shares of the stock were exchanged, compared to its average volume of 5,615,515. The company has a market cap of $177.97 billion, a PE ratio of 37.55, a PEG ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm's fifty day moving average is $129.13 and its two-hundred day moving average is $123.31. RTX Co. has a 1-year low of $97.03 and a 1-year high of $136.17.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is currently 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.