Yousif Capital Management LLC Cuts Stake in RTX Co. (NYSE:RTX)

Yousif Capital Management LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,370 shares of the company’s stock after selling 11,510 shares during the quarter. Yousif Capital Management LLC’s holdings in RTX were worth $11,642,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RTX. Boston Partners acquired a new position in shares of RTX during the 3rd quarter worth about $355,350,000. Massachusetts Financial Services Co. MA lifted its stake in RTX by 29.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock worth $602,941,000 after purchasing an additional 1,914,184 shares in the last quarter. Van ECK Associates Corp lifted its stake in RTX by 8,331.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,766,294 shares of the company’s stock worth $127,120,000 after purchasing an additional 1,745,344 shares in the last quarter. Sanders Capital LLC lifted its stake in RTX by 20.2% in the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock worth $719,478,000 after purchasing an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in RTX by 12,753.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock worth $117,799,000 after purchasing an additional 1,389,143 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Down 0.4 %

Shares of NYSE:RTX traded down $0.36 during midday trading on Wednesday, reaching $101.02. The company had a trading volume of 7,699,168 shares, compared to its average volume of 8,234,163. The stock has a market capitalization of $134.32 billion, a P/E ratio of 45.04, a PEG ratio of 1.85 and a beta of 0.88. The stock’s fifty day moving average price is $94.97 and its 200-day moving average price is $87.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. RTX Co. has a one year low of $68.56 and a one year high of $103.89.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. Equities research analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is presently 105.36%.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of RTX in a report on Monday, April 1st. UBS Group boosted their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. TD Cowen boosted their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, Robert W. Baird lifted their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, RTX presently has an average rating of “Hold” and a consensus price target of $96.27.

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.