Junto Capital Management LP Trims Stock Position in RTX Co. (NYSE:RTX)

Junto Capital Management LP reduced its stake in RTX Co. (NYSE:RTX - Free Report) by 62.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 241,905 shares of the company's stock after selling 400,403 shares during the quarter. Junto Capital Management LP's holdings in RTX were worth $27,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RTX. 1620 Investment Advisors Inc. raised its holdings in shares of RTX by 0.7% during the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares in the last quarter. Fusion Capital LLC raised its holdings in RTX by 0.5% during the fourth quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after buying an additional 80 shares in the last quarter. McDonough Capital Management Inc raised its holdings in RTX by 1.6% during the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock valued at $603,000 after buying an additional 80 shares in the last quarter. New England Professional Planning Group Inc. lifted its position in shares of RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock worth $253,000 after buying an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC increased its holdings in shares of RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock valued at $2,047,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the sale, the executive vice president now directly owns 29,742 shares of the company's stock, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,946 shares of company stock worth $9,024,856. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Royal Bank of Canada cut their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target on the stock in a research report on Friday, April 25th. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of "Buy" and a consensus target price of $161.06.

RTX Price Performance

Shares of RTX stock opened at $128.69 on Friday. RTX Co. has a twelve month low of $99.07 and a twelve month 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. The firm has a market cap of $171.92 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The firm's 50-day simple moving average is $128.26 and its 200-day simple moving average is $123.91.

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

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.11%. RTX's dividend payout ratio (DPR) is presently 79.77%.

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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