Ensign Peak Advisors Inc Sells 17,474 Shares of RTX Co. (NYSE:RTX)

Ensign Peak Advisors Inc lessened its holdings in shares of RTX Co. (NYSE:RTX) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 702,113 shares of the company’s stock after selling 17,474 shares during the quarter. Ensign Peak Advisors Inc’s holdings in RTX were worth $81,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CX Institutional grew its holdings in RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after buying an additional 11,706 shares in the last quarter. National Pension Service boosted its holdings in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company’s stock valued at $330,910,000 after purchasing an additional 375,781 shares during the period. Czech National Bank increased its holdings in shares of RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Archer Investment Corp boosted its stake in RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock valued at $610,000 after buying an additional 4,151 shares during the period. Finally, Optas LLC grew its position in RTX by 114.5% during the fourth quarter. Optas LLC now owns 7,062 shares of the company’s stock worth $817,000 after buying an additional 3,770 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The shares were 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 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 SEC, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,946 shares of company stock worth $9,024,856. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $128.69 on Friday. The business has a 50-day simple moving average of $128.26 and a two-hundred day simple moving average of $123.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market cap of $171.92 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating 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 company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. On average, analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a $0.68 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 2.11%. This is a positive change from RTX’s previous quarterly dividend of $0.63. RTX’s payout ratio is presently 79.77%.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. Susquehanna cut their price objective on RTX from $147.00 to $140.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Wells Fargo & Company lifted 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. Finally, Morgan Stanley raised shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price target for the company in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $161.06.

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.