RTX Co. (NYSE:RTX) Shares Bought by Ethic Inc.

Ethic Inc. boosted its position in shares of RTX Co. (NYSE:RTX - Free Report) by 191.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,773 shares of the company's stock after purchasing an additional 22,846 shares during the quarter. Ethic Inc.'s holdings in RTX were worth $4,024,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RTX. Vanguard Group Inc. boosted its holdings 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 worth $13,710,408,000 after buying an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC raised its position in shares of RTX by 3.7% during 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 buying an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC increased its position in RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after purchasing an additional 576,214 shares during the last quarter. Franklin Resources Inc. increased its position in RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after purchasing an additional 603,159 shares during the last quarter. Finally, Norges Bank bought a new stake in RTX in the fourth quarter worth $1,745,644,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business'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 directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% 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 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. DZ Bank upgraded 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. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $161.06.

RTX Price Performance

Shares of NYSE RTX traded up $0.21 during mid-day trading on Tuesday, reaching $130.77. The company's stock had a trading volume of 4,333,294 shares, compared to its average volume of 5,403,601. The stock has a 50-day moving average of $128.33 and a two-hundred day moving average of $123.98. The stock has a market capitalization of $174.70 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.11 and a beta of 0.60. 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 1-year low of $99.07 and a 1-year high of $136.17.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts anticipate 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 represents a $2.72 dividend on an annualized basis and a yield of 2.08%. This is a boost from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio (DPR) is presently 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.