RTX Co. (NYSE:RTX) Stock Holdings Lessened by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN reduced its holdings in RTX Co. (NYSE:RTX) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 524,993 shares of the company’s stock after selling 13,784 shares during the quarter. RTX makes up 2.9% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 13th biggest position. Southeastern Asset Management Inc. TN’s holdings in RTX were worth $60,752,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares during the last quarter. Greenline Partners LLC bought a new stake in RTX in the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in RTX in the 4th quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in RTX in the 4th quarter valued at about $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $135.56 on Friday. The company’s fifty day moving average is $128.51 and its two-hundred day moving average is $124.10. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.84. The company has a market cap of $181.10 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Equities analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This is an increase from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. RTX’s payout ratio is 79.77%.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 19,431 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. This represents a 39.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,946 shares of company stock valued at $9,024,856 in the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RTX shares. JPMorgan Chase & Co. cut their price objective on shares of RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company boosted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Citigroup dropped their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $159.82.

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.