Swiss National Bank Sells 148,400 Shares of RTX Co. (NYSE:RTX)

Swiss National Bank decreased its position in RTX Co. (NYSE:RTX) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,551,381 shares of the company’s stock after selling 148,400 shares during the period. Swiss National Bank’s holdings in RTX were worth $382,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. West Family Investments Inc. raised its stake in RTX by 3.0% during the 4th quarter. West Family Investments Inc. now owns 4,404 shares of the company’s stock valued at $371,000 after buying an additional 130 shares during the last quarter. Heritage Wealth Management LLC bought a new stake in RTX during the fourth quarter valued at approximately $1,100,000. Robertson Stephens Wealth Management LLC increased its holdings in RTX by 5.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 36,496 shares of the company’s stock valued at $3,071,000 after buying an additional 2,007 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in RTX by 2.1% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 137,228 shares of the company’s stock worth $11,546,000 after acquiring an additional 2,879 shares during the period. Finally, Fortitude Advisory Group L.L.C. purchased a new position in shares of RTX during the 4th quarter worth $212,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares in the company, valued at approximately $5,252,769.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Christopher T. Calio sold 367 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,547 shares of company stock valued at $12,553,645. 0.13% of the stock is currently owned by corporate insiders.

RTX Stock Up 0.3 %

NYSE RTX traded up $0.31 on Thursday, reaching $101.53. 1,820,489 shares of the stock traded hands, compared to its average volume of 8,053,467. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The company has a market cap of $134.99 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 1.83 and a beta of 0.84. The company has a fifty day moving average price of $96.23 and a 200-day moving average price of $88.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same period in the previous year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts forecast that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Susquehanna raised their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Bank of America lifted their price objective on shares of RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. UBS Group upped their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird raised their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Barclays increased their price target on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.93.

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.