Sanders Capital LLC Decreases Holdings in RTX Co. (NYSE:RTX)

Sanders Capital LLC lowered its stake in RTX Co. (NYSE:RTX) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,522,676 shares of the company’s stock after selling 1,389,386 shares during the period. RTX makes up approximately 1.6% of Sanders Capital LLC’s investment portfolio, making the stock its 18th biggest position. Sanders Capital LLC owned 0.71% of RTX worth $1,101,964,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RTX. Fairway Wealth LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $31,000. Picton Mahoney Asset Management increased its position in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at $39,000. Millstone Evans Group LLC purchased a new stake in shares of RTX in the fourth quarter valued at $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX in the 4th quarter worth about $40,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction on 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 approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of RTX stock opened at $128.24 on Friday. The company has a market cap of $171.21 billion, a P/E ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s 50-day moving average is $128.56 and its 200 day moving average is $123.59. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17.

RTX (NYSE:RTX) last issued 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%. Research analysts predict that RTX Co. will post 6.11 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 20th. Stockholders of record on Friday, February 21st were given a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. RTX’s payout ratio is 70.99%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Citigroup reduced their price target on RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their price objective on RTX from $156.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.73.

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.