Dimensional Fund Advisors LP Acquires 203,173 Shares of RTX Co. (NYSE:RTX)

Dimensional Fund Advisors LP increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,647,638 shares of the company's stock after buying an additional 203,173 shares during the period. Dimensional Fund Advisors LP owned about 0.57% of RTX worth $884,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of RTX during the 3rd quarter worth approximately $321,000. Tudor Financial Inc. purchased a new stake in shares of RTX in the third quarter valued at $797,000. World Investment Advisors LLC boosted its stake in shares of RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock valued at $4,944,000 after acquiring an additional 11,033 shares during the last quarter. Sfmg LLC lifted its stake in shares of RTX by 4.7% during the third quarter. Sfmg LLC now owns 73,978 shares of the company's stock valued at $8,963,000 after buying an additional 3,306 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its position in RTX by 365.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company's stock worth $13,962,000 after buying an additional 90,499 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the company'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. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last three months. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 5.4 %

Shares of RTX stock traded up $6.13 during trading on Wednesday, reaching $119.88. The company had a trading volume of 6,254,066 shares, compared to its average volume of 5,509,648. The firm's fifty day moving average is $128.33 and its 200-day moving average is $123.77. The company has a market cap of $160.05 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. 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 Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping 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 business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. On average, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.10%. RTX's dividend payout ratio (DPR) is 70.99%.

Analyst Ratings Changes

A number of research firms have weighed in on RTX. Royal Bank of Canada increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a report on Wednesday. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Vertical Research upgraded RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $164.20.

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.