Financial Engines Advisors L.L.C. Buys 6,587 Shares of RTX Co. (NYSE:RTX)

Financial Engines Advisors L.L.C. increased its position in RTX Co. (NYSE:RTX) by 145.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,119 shares of the company’s stock after acquiring an additional 6,587 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in RTX were worth $1,287,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Counselors Inc. boosted its holdings in RTX by 0.3% in the 4th quarter. Financial Counselors Inc. now owns 481,538 shares of the company’s stock valued at $55,724,000 after purchasing an additional 1,390 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in shares of RTX by 28.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 38,407 shares of the company’s stock worth $4,444,000 after buying an additional 8,400 shares in the last quarter. UNIVEST FINANCIAL Corp grew its position in RTX by 3.4% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 4,521 shares of the company’s stock worth $523,000 after buying an additional 148 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in RTX in the 4th quarter worth about $216,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of RTX by 5.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 678,630 shares of the company’s stock valued at $78,531,000 after acquiring an additional 37,329 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.9 %

Shares of NYSE RTX opened at $134.46 on Thursday. The firm has a fifty day simple moving average of $128.12 and a two-hundred day simple moving average of $122.87. The firm has a market capitalization of $179.52 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 12 month low of $96.33 and a 12 month high of $136.17.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.87%. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Buying and Selling at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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 $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada lifted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird upgraded RTX from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.40.

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.