Robeco Institutional Asset Management B.V. Sells 255,490 Shares of RTX Co. (NYSE:RTX)

Robeco Institutional Asset Management B.V. decreased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 85.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 43,340 shares of the company's stock after selling 255,490 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in RTX were worth $3,647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Level Four Advisory Services LLC bought a new position in shares of RTX during the 4th quarter worth about $2,210,000. Financial Advocates Investment Management increased its stake in RTX by 21.3% in the fourth quarter. Financial Advocates Investment Management now owns 12,709 shares of the company's stock valued at $1,069,000 after acquiring an additional 2,231 shares during the period. Applied Finance Capital Management LLC increased its stake in RTX by 8.4% in the fourth quarter. Applied Finance Capital Management LLC now owns 3,823 shares of the company's stock valued at $322,000 after acquiring an additional 297 shares during the period. First National Advisers LLC increased its stake in RTX by 32.7% in the fourth quarter. First National Advisers LLC now owns 35,977 shares of the company's stock valued at $3,027,000 after acquiring an additional 8,875 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in RTX in the fourth quarter valued at about $52,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded up $0.88 during trading hours on Wednesday, reaching $106.31. The stock had a trading volume of 3,594,169 shares, compared to its average volume of 7,839,217. The stock has a 50-day simple moving average of $100.50 and a 200 day simple moving average of $91.02. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $107.82. The stock has a market capitalization of $141.34 billion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter last year, the firm posted $1.22 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be issued a dividend of $0.63 per share. This is an increase from RTX's previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.37%. RTX's payout ratio is presently 98.82%.

Analysts Set New Price Targets

A number of analysts recently weighed in on RTX shares. TheStreet raised shares of RTX from a "c" rating to a "b-" rating in a research note on Tuesday, January 23rd. Susquehanna upped their target price on shares of RTX from $110.00 to $119.00 and gave the company a "positive" rating in a research note on Wednesday, April 24th. TD Cowen upped their target price on shares of RTX from $106.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, March 19th. UBS Group upped their price objective on shares of RTX from $103.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company upped their price objective on shares of RTX from $119.00 to $141.00 and gave the stock an "overweight" rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Hold" and a consensus price target of $98.33.

Insider Buying and Selling

In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares of the company's stock, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the business's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now owns 129,120 shares of the company's stock, valued at approximately $13,166,366.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Hayes sold 89,762 shares of the business's stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares of the company's stock, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,042 shares of company stock valued at $12,266,459. Company insiders own 0.13% of the company's stock.

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.