Charles Schwab Investment Management Inc. Has $1.19 Billion Stock Holdings in RTX Co. (NYSE:RTX)

Charles Schwab Investment Management Inc. grew its stake in RTX Co. (NYSE:RTX) by 1.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,247,429 shares of the company’s stock after buying an additional 151,474 shares during the period. Charles Schwab Investment Management Inc.’s holdings in RTX were worth $1,185,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its stake in shares of RTX by 7.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 181,418 shares of the company’s stock valued at $20,994,000 after buying an additional 11,849 shares during the period. Unified Investment Management bought a new stake in shares of RTX during the 4th quarter valued at about $324,000. Schechter Investment Advisors LLC boosted its position in shares of RTX by 24.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,911 shares of the company’s stock valued at $916,000 after purchasing an additional 1,555 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of RTX by 6.0% during the 4th quarter. Mission Wealth Management LP now owns 23,784 shares of the company’s stock valued at $2,752,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Auxano Advisors LLC boosted its position in shares of RTX by 0.4% during the 4th quarter. Auxano Advisors LLC now owns 20,142 shares of the company’s stock valued at $2,331,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.5 %

RTX stock opened at $133.68 on Tuesday. RTX Co. has a twelve month low of $89.14 and a twelve month high of $135.36. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $123.06 and its 200-day moving average is $121.52. The firm has a market capitalization of $178.08 billion, a PE ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st 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 1.89%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Activity at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was 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 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RTX shares. Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada increased their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $163.40.

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.