Nuveen Asset Management LLC Has $803.94 Million Stock Position in RTX Co. (NYSE:RTX)

Nuveen Asset Management LLC lifted its position in shares of RTX Co. (NYSE:RTX - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,947,301 shares of the company's stock after purchasing an additional 35,794 shares during the quarter. Nuveen Asset Management LLC owned about 0.52% of RTX worth $803,942,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new stake in shares of RTX during the 4th quarter worth about $3,356,000. OMERS ADMINISTRATION Corp grew its holdings in shares of RTX by 13.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 62,617 shares of the company's stock worth $7,246,000 after purchasing an additional 7,316 shares during the period. Obermeyer Wealth Partners grew its holdings in shares of RTX by 0.5% during the 4th quarter. Obermeyer Wealth Partners now owns 284,244 shares of the company's stock worth $32,893,000 after purchasing an additional 1,489 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of RTX during the 4th quarter worth about $827,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of RTX by 16.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 648,049 shares of the company's stock worth $74,992,000 after purchasing an additional 93,086 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group upped their price target on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Susquehanna decreased their price target on RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Royal Bank of Canada decreased their price target on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $159.82.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction on 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. This trade represents a 35.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock valued at $9,024,856 over the last three months. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX traded down $0.15 during trading hours on Friday, hitting $135.37. 4,774,229 shares of the stock were exchanged, compared to its average volume of 5,396,615. The stock has a 50-day simple moving average of $128.66 and a 200-day simple moving average of $124.19. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.40. The stock has a market cap of $180.85 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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 (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. Analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.01%. 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.