Fisher Asset Management LLC Has $2.20 Billion Stock Holdings in RTX Co. (NYSE:RTX)

Fisher Asset Management LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,047,685 shares of the company’s stock after buying an additional 576,214 shares during the period. Fisher Asset Management LLC’s holdings in RTX were worth $2,204,198,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the 3rd quarter worth about $29,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of RTX in the 4th quarter valued at about $40,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,334 shares of company stock worth $4,639,194. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of NYSE:RTX opened at $133.02 on Friday. The company’s 50 day moving average price is $122.72 and its two-hundred day moving average price is $121.35. RTX Co. has a 12-month low of $88.95 and a 12-month high of $133.09. The firm has a market cap of $177.19 billion, a PE ratio of 37.47, a PEG ratio of 2.11 and a beta of 0.82. 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 (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. RTX’s dividend payout ratio is 70.99%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Susquehanna increased their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Morgan Stanley increased their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.40.

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.