RTX Co. (NYSE:RTX) Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in RTX Co. (NYSE:RTX - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,569 shares of the company's stock after buying an additional 4,811 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in RTX were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RTX. Norges Bank bought a new position in shares of RTX during the fourth quarter valued at approximately $1,745,644,000. T. Rowe Price Investment Management Inc. boosted its holdings in 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 valued at $1,216,063,000 after acquiring an additional 3,164,844 shares during the period. Amundi boosted its holdings in 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 during the period. Capital Wealth Planning LLC bought a new position in RTX in the 4th quarter valued at $216,340,000. Finally, Invesco Ltd. increased its stake 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 during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,643 shares of company stock worth $6,198,889. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. UBS Group upped their target price on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $159.82.

RTX Stock Up 0.7%

RTX stock traded up $0.98 during mid-day trading on Tuesday, reaching $133.33. 1,339,538 shares of the company were exchanged, compared to its average volume of 5,381,187. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market cap of $178.12 billion, a P/E ratio of 37.55, a PEG ratio of 2.11 and a beta of 0.60. The business has a fifty day moving average of $129.07 and a 200 day moving average of $124.83. RTX Co. has a 12-month low of $99.07 and a 12-month high of $138.82.

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

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.04%. This is a positive change 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 is presently 79.77%.

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.