RTX Co. (NYSE:RTX) Stock Holdings Cut by Fmr LLC

Fmr LLC lessened its position in RTX Co. (NYSE:RTX) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,942,958 shares of the company’s stock after selling 159,890 shares during the period. Fmr LLC’s holdings in RTX were worth $687,719,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CX Institutional lifted its holdings in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after acquiring an additional 11,706 shares during the last quarter. National Pension Service lifted its stake in RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company’s stock valued at $330,910,000 after purchasing an additional 375,781 shares during the last quarter. Czech National Bank grew its position in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after buying an additional 17,608 shares during the last quarter. Archer Investment Corp raised its position in shares of RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after purchasing an additional 4,151 shares during the period. Finally, Optas LLC boosted its position in shares of RTX by 114.5% in the 4th quarter. Optas LLC now owns 7,062 shares of the company’s stock valued at $817,000 after purchasing an additional 3,770 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $120.28 on Wednesday. The business’s 50 day moving average is $128.65 and its 200-day moving average is $123.40. 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 has a market capitalization of $160.58 billion, a PE ratio of 33.88, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed 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 2.10%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

A number of research firms have commented on RTX. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of RTX from $156.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.07.

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.