RTX Co. (NYSE:RTX) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lowered its stake in RTX Co. (NYSE:RTX - Free Report) by 33.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,112 shares of the company's stock after selling 3,524 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in RTX were worth $823,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RTX. Norges Bank bought a new position in RTX during the 4th quarter worth approximately $1,745,644,000. T. Rowe Price Investment Management Inc. grew its position in RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares during the period. Amundi grew its position in RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after purchasing an additional 2,854,928 shares during the period. Capital Wealth Planning LLC acquired a new stake in RTX in the 4th quarter valued at $216,340,000. Finally, Invesco Ltd. lifted its stake in RTX by 17.6% during the 4th quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after acquiring an additional 1,522,251 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded down $0.15 during trading hours on Friday, hitting $135.37. 4,774,229 shares of the stock traded hands, compared to its average volume of 5,384,147. The stock has a market capitalization of $180.85 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.11 and a beta of 0.60. The firm's 50 day moving average price is $128.66 and its 200-day moving average price is $124.23. 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 Co. has a 1 year low of $99.07 and a 1 year high of $136.40.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share 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 company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. As a group, equities analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.01%. This is a positive change from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.

Insider Buying and Selling

In related news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. This trade represents a 21.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,946 shares of company stock worth $9,024,856. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RTX shares. 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 research note on Wednesday, April 23rd. Argus raised RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Citigroup dropped their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $159.82.

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.