Fort Washington Investment Advisors Inc. OH Has $181.55 Million Stake in RTX Co. (NYSE:RTX)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of RTX Co. (NYSE:RTX) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,808,427 shares of the company’s stock after selling 154,596 shares during the period. RTX accounts for 1.2% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 21st biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in RTX were worth $181,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc grew its position in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new position in RTX during the 2nd quarter worth approximately $26,000. Alaska Permanent Fund Corp purchased a new position in RTX during the 1st quarter worth approximately $42,000. Stephens Consulting LLC grew its position in RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares in the last quarter. Finally, Fairman Group LLC purchased a new position in RTX during the 4th quarter worth approximately $38,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX stock traded up $1.07 on Friday, reaching $123.36. 6,370,957 shares of the stock were exchanged, compared to its average volume of 7,146,997. The stock has a market cap of $164.01 billion, a PE ratio of 48.38, a PEG ratio of 2.09 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a twelve month low of $68.56 and a twelve month high of $123.70. The firm has a fifty day moving average price of $110.19 and a two-hundred day moving average price of $103.20.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. Sell-side analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is currently 98.82%.

Analyst Ratings Changes

Several equities analysts have weighed in on RTX shares. The Goldman Sachs Group lifted their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Susquehanna boosted their price target on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TD Cowen lifted their price objective on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Hold” and an average target price of $153.47.

Insider Activity

In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,333 shares of company stock valued at $20,861,880. 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.