Gotham Asset Management LLC Sells 3,487 Shares of RTX Co. (NYSE:RTX)

Gotham Asset Management LLC decreased its stake in RTX Co. (NYSE:RTX - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,045 shares of the company's stock after selling 3,487 shares during the period. Gotham Asset Management LLC's holdings in RTX were worth $7,758,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Geode Capital Management LLC raised its position in shares of RTX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares during the period. Fisher Asset Management LLC raised its position in shares of RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after purchasing an additional 576,214 shares during the period. Franklin Resources Inc. raised its position in shares of RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after purchasing an additional 603,159 shares during the period. Finally, Norges Bank bought a new stake in shares of RTX in the fourth quarter valued at approximately $1,745,644,000. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX stock opened at $130.65 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The stock has a market cap of $174.54 billion, a PE ratio of 36.80, a P/E/G 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.

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 analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. On average, analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.08%. RTX's dividend payout ratio is 79.77%.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the sale, the executive vice president now directly owns 29,742 shares in the company, valued at $3,771,880.44. This represents a 39.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This represents a 35.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,946 shares of company stock valued at $9,024,856. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. Citigroup lowered 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. StockNews.com raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Vertical Research raised shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, 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 research note on Friday, April 25th. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $161.06.

About RTX

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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