Sound View Wealth Advisors Group LLC increased its holdings in RTX Co. (NYSE:RTX - Free Report) by 50.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,329 shares of the company's stock after buying an additional 12,118 shares during the period. Sound View Wealth Advisors Group LLC's holdings in RTX were worth $4,204,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional boosted its stake in RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after purchasing an additional 11,706 shares during the period. National Pension Service increased its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after buying an additional 375,781 shares during the period. LRI Investments LLC grew its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new stake in shares of RTX during the 3rd quarter worth $1,307,000. Finally, Czech National Bank boosted its holdings in shares of RTX by 6.5% during the 4th 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 period. 86.50% of the stock is owned by institutional investors and hedge funds.
RTX has been the subject of several research analyst reports. Citigroup upgraded shares of RTX from a "neutral" rating to a "buy" rating and upped their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Morgan Stanley increased their target price on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $163.40.
View Our Latest Stock Analysis on RTX
Shares of RTX stock opened at $128.63 on Friday. The stock's 50-day simple moving average is $124.02 and its 200 day simple moving average is $121.79. The stock has a market capitalization of $171.35 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a 52-week low of $89.44 and a 52-week high of $135.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.
RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 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, research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. RTX's dividend payout ratio (DPR) is presently 70.99%.
In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the 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 sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is owned by company insiders.
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.
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