Focus Partners Wealth Has $102.45 Million Stake in RTX Co. (NYSE:RTX)

Focus Partners Wealth lifted its position in RTX Co. (NYSE:RTX - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 797,956 shares of the company's stock after purchasing an additional 251,464 shares during the period. Focus Partners Wealth owned about 0.06% of RTX worth $102,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. CX Institutional lifted its holdings in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after acquiring an additional 11,706 shares during the last quarter. National Pension Service grew its position in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after buying an additional 375,781 shares during the last quarter. Deutsche Bank AG grew its position in RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Czech National Bank grew its position in 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 purchasing an additional 17,608 shares during the last quarter. Finally, Archer Investment Corp grew its position in RTX by 370.3% during the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock worth $610,000 after purchasing an additional 4,151 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RTX shares. Morgan Stanley upgraded shares of RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a research note on Wednesday, April 23rd. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a report on Friday, April 25th. Royal Bank of Canada lowered their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, thirteen 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 "Buy" and a consensus target price of $161.06.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of RTX 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 transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. The trade was a 25.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was 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 of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,946 shares of company stock valued at $9,024,856. 0.15% of the stock is owned by corporate insiders.

RTX Trading Up 1.5%

Shares of NYSE:RTX traded up $1.98 during mid-day trading on Monday, reaching $130.65. The stock had a trading volume of 4,685,384 shares, compared to its average volume of 5,410,444. The firm has a market cap of $174.54 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The firm has a 50 day simple moving average of $128.28 and a two-hundred day simple moving average of $123.94. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17.

RTX (NYSE:RTX - Get Free Report) last announced its 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. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 2.08%. RTX's dividend payout ratio (DPR) is currently 79.77%.

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.