RTX Co. (NYSE:RTX) Shares Sold by Fullcircle Wealth LLC

Fullcircle Wealth LLC lowered its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,168 shares of the company's stock after selling 6,323 shares during the quarter. Fullcircle Wealth LLC's holdings in RTX were worth $1,280,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of RTX during the fourth quarter worth approximately $1,745,644,000. T. Rowe Price Investment Management Inc. boosted its stake 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 worth $1,216,063,000 after purchasing an additional 3,164,844 shares during the last quarter. Amundi grew its holdings in shares of RTX by 83.1% during the fourth quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after buying an additional 2,094,834 shares during the last quarter. Finally, Capital Wealth Planning LLC purchased a new position in shares of RTX in the fourth quarter worth about $216,340,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 0.0 %

Shares of RTX stock traded up $0.02 during trading hours on Friday, reaching $128.69. 4,857,374 shares of the company were exchanged, compared to its average volume of 5,413,352. The firm has a market cap of $171.92 billion, a PE ratio of 36.25, a PEG ratio of 2.11 and a beta of 0.60. The stock's fifty day moving average is $128.26 and its 200 day moving average is $123.91. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.17. 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 posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) 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 analyst estimates of $19.80 billion. As a group, equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio is 79.77%.

Insiders Place Their Bets

In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $1,217,496.84. The trade was a 30.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,946 shares of company stock valued at $9,024,856 in the last ninety days. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RTX shares. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research note on Friday, April 25th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Citigroup reduced their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Royal Bank of Canada cut their target price on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $161.06.

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.