Vanguard Group Inc. Grows Stock Position in RTX Co. (NYSE:RTX)

Vanguard Group Inc. grew its holdings in shares of RTX Co. (NYSE:RTX) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,479,159 shares of the company’s stock after buying an additional 1,252,448 shares during the period. Vanguard Group Inc. owned 8.89% of RTX worth $13,710,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in RTX. Amundi increased 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 acquiring an additional 2,854,928 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after acquiring an additional 2,094,834 shares during the period. Capital Wealth Planning LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $216,340,000. Proficio Capital Partners LLC grew its holdings in shares of RTX by 19,052.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company’s stock worth $120,724,000 after acquiring an additional 1,037,792 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of RTX by 190.7% in the 4th quarter. Jennison Associates LLC now owns 1,514,015 shares of the company’s stock worth $175,202,000 after acquiring an additional 993,273 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $132.35 on Friday. The firm’s 50 day moving average price is $127.15 and its two-hundred day moving average price is $122.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $176.70 billion, a PE ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78. RTX Co. has a 52-week low of $95.27 and a 52-week high of $135.74.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RTX. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $136.00 to $160.00 in a research note on Wednesday. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Bank of America raised their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.40.

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.