RTX Co. (NYSE:RTX) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co lowered its position in shares of RTX Co. (NYSE:RTX) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 674,534 shares of the company’s stock after selling 17,654 shares during the quarter. Fayez Sarofim & Co owned about 0.05% of RTX worth $78,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RTX. Fairway Wealth LLC acquired a new position in RTX during the fourth quarter valued at $31,000. Picton Mahoney Asset Management raised its position in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares in the last quarter. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter worth approximately $39,000. Millstone Evans Group LLC purchased a new stake in RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in RTX in the fourth quarter valued at $40,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. 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 quarter. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 0.3 %

RTX opened at $128.89 on Monday. The business’s fifty day simple moving average is $128.59 and its 200 day simple moving average is $123.83. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $172.07 billion, a P/E ratio of 36.31, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17.

RTX (NYSE:RTX) last posted its quarterly earnings results 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 return on equity of 12.45% and a net margin of 5.91%. As a group, equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 1.96%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

Several research firms have issued reports on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.27.

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.