Robeco Institutional Asset Management B.V. Boosts Stock Position in RTX Corporation (NYSE:RTX)

Robeco Institutional Asset Management B.V. grew its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 415,958 shares of the company's stock after acquiring an additional 32,518 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in RTX were worth $55,098,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RTX. LaFleur & Godfrey LLC lifted its holdings in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after buying an additional 900 shares during the period. Brighton Jones LLC boosted its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in RTX by 1.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 11,764 shares of the company's stock worth $1,361,000 after buying an additional 162 shares in the last quarter. Finally, Simmons Bank grew its holdings in shares of RTX by 6.1% in the fourth quarter. Simmons Bank now owns 29,599 shares of the company's stock worth $3,425,000 after acquiring an additional 1,695 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

RTX stock opened at $142.74 on Friday. The firm has a market cap of $190.69 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.56 and a beta of 0.63. RTX Corporation has a twelve month low of $99.07 and a twelve month high of $149.26. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business's fifty day simple moving average is $134.55 and its two-hundred day simple moving average is $128.11.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.68 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.91%. This is a positive change from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is currently 79.77%.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the sale, the vice president now owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now owns 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday. Citigroup lowered their price objective on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research note on Friday, April 25th. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.12.

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.

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