RTX Co. (NYSE:RTX) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 17.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,157,769 shares of the company’s stock after purchasing an additional 1,522,251 shares during the period. Invesco Ltd. owned about 0.76% of RTX worth $1,175,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cerity Partners LLC boosted its stake in shares of RTX by 1.8% during the 4th quarter. Cerity Partners LLC now owns 692,455 shares of the company’s stock worth $79,371,000 after acquiring an additional 11,971 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in RTX by 9.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 2,119 shares of the company’s stock worth $245,000 after buying an additional 185 shares during the last quarter. Trek Financial LLC purchased a new stake in RTX during the 4th quarter worth approximately $230,000. Federated Hermes Inc. lifted its position in shares of RTX by 22.4% in the fourth quarter. Federated Hermes Inc. now owns 225,633 shares of the company’s stock valued at $26,110,000 after acquiring an additional 41,250 shares in the last quarter. Finally, Clarkston Capital Partners LLC acquired a new stake in shares of RTX in the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 9.8 %

RTX stock opened at $117.43 on Monday. The firm has a market capitalization of $156.78 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58. The stock’s fifty day simple moving average is $129.05 and its 200-day simple moving average is $123.42. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

Several equities research analysts have issued reports on RTX shares. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Baird R W raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Susquehanna boosted their target price 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 investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.40.

Insider Buying and Selling

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction 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 directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was 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 90 days. 0.15% of the stock is owned by insiders.

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.