Earnest Partners LLC Has $773,000 Stock Holdings in RTX Co. (NYSE:RTX)

Earnest Partners LLC decreased its holdings in RTX Co. (NYSE:RTX) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,683 shares of the company’s stock after selling 274 shares during the quarter. Earnest Partners LLC’s holdings in RTX were worth $773,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of RTX during the 3rd quarter worth about $321,000. Tudor Financial Inc. acquired a new stake in shares of RTX during the 3rd quarter worth about $797,000. World Investment Advisors LLC increased its position in shares of RTX by 37.1% during the 3rd quarter. World Investment Advisors LLC now owns 40,809 shares of the company’s stock worth $4,944,000 after purchasing an additional 11,033 shares in the last quarter. Sfmg LLC increased its position in shares of RTX by 4.7% during the 3rd quarter. Sfmg LLC now owns 73,978 shares of the company’s stock worth $8,963,000 after purchasing an additional 3,306 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of RTX by 365.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company’s stock worth $13,962,000 after purchasing an additional 90,499 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 a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a research report on Friday. Citigroup decreased their price objective on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Finally, Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $161.06.

Insider Activity

In related news, CEO Christopher T. Calio sold 27,379 shares of the business’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 sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX opened at $124.79 on Tuesday. The company has a fifty day moving average price of $128.30 and a two-hundred day moving average price of $123.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52 week low of $99.07 and a 52 week high of $136.17. The firm has a market capitalization of $166.71 billion, a PE ratio of 35.15, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. As a group, analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is 73.90%.

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.