RTX Co. (NYSE:RTX) Shares Sold by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. decreased its stake in shares of RTX Co. (NYSE:RTX) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,621 shares of the company’s stock after selling 1,369 shares during the quarter. RTX makes up 1.0% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 23rd biggest holding. D L Carlson Investment Group Inc.’s holdings in RTX were worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FSB Premier Wealth Management Inc. increased its stake in RTX by 27.0% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,157 shares of the company’s stock valued at $481,000 after purchasing an additional 885 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of RTX by 17.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 530,488 shares of the company’s stock worth $61,388,000 after purchasing an additional 78,102 shares during the period. RWA Wealth Partners LLC boosted its holdings in shares of RTX by 0.6% in the fourth quarter. RWA Wealth Partners LLC now owns 227,769 shares of the company’s stock valued at $26,357,000 after acquiring an additional 1,371 shares in the last quarter. Schroder Investment Management Group increased its position in RTX by 195.0% during the 4th quarter. Schroder Investment Management Group now owns 637,058 shares of the company’s stock worth $73,402,000 after purchasing an additional 421,137 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of RTX by 51.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 262,074 shares of the company’s stock worth $30,327,000 after purchasing an additional 88,604 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several research reports. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Stock Down 1.3 %

RTX stock opened at $131.68 on Monday. The firm has a market capitalization of $175.81 billion, a PE ratio of 37.09, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $97.03 and a twelve month high of $136.17. The stock’s 50 day moving average is $128.59 and its 200-day moving average is $123.06.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.91%. RTX’s payout ratio is currently 70.99%.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by company insiders.

About RTX

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.