Ascent Group LLC Buys 4,492 Shares of RTX Co. (NYSE:RTX)

Ascent Group LLC grew its holdings in RTX Co. (NYSE:RTX - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,163 shares of the company's stock after acquiring an additional 4,492 shares during the quarter. Ascent Group LLC's holdings in RTX were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of RTX in the fourth quarter valued at $1,745,644,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after acquiring an additional 3,164,844 shares during the period. Amundi boosted its position in shares of RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after acquiring an additional 2,854,928 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in RTX in the fourth quarter valued at about $216,340,000. Finally, Invesco Ltd. raised its position in RTX by 17.6% in the fourth quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock worth $1,175,457,000 after purchasing an additional 1,522,251 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company's 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 sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,643 shares of company stock valued at $6,198,889 in the last 90 days. 0.15% of the stock is owned by insiders.

RTX Trading Down 1.0%

Shares of NYSE:RTX traded down $1.33 during trading on Wednesday, hitting $132.86. 5,422,720 shares of the company's stock were exchanged, compared to its average volume of 5,396,942. 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 cap of $177.49 billion, a P/E ratio of 37.43, a PEG ratio of 2.11 and a beta of 0.60. The firm has a 50-day moving average price of $129.07 and a two-hundred day moving average price of $124.90. RTX Co. has a 1-year low of $99.07 and a 1-year high of $138.82.

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

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is currently 79.77%.

Analysts Set New Price Targets

RTX has been the subject of a number of recent research reports. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Susquehanna cut their price objective on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Bank of America upped their target price on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada reduced their price target on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group raised their price objective on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $159.82.

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.