Charles Schwab Investment Management Inc. Has $1.19 Billion Position in RTX Co. (NYSE:RTX)

Charles Schwab Investment Management Inc. increased its holdings in shares of RTX Co. (NYSE:RTX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,247,429 shares of the company’s stock after acquiring an additional 151,474 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.77% of RTX worth $1,185,832,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in RTX by 7.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 181,418 shares of the company’s stock valued at $20,994,000 after purchasing an additional 11,849 shares during the period. Unified Investment Management bought a new stake in RTX in the 4th quarter valued at $324,000. Schechter Investment Advisors LLC boosted its stake in RTX by 24.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 7,911 shares of the company’s stock valued at $916,000 after purchasing an additional 1,555 shares during the period. Mission Wealth Management LP boosted its stake in RTX by 6.0% in the 4th quarter. Mission Wealth Management LP now owns 23,784 shares of the company’s stock valued at $2,752,000 after purchasing an additional 1,353 shares during the period. Finally, Auxano Advisors LLC boosted its stake in RTX by 0.4% in the 4th quarter. Auxano Advisors LLC now owns 20,142 shares of the company’s stock valued at $2,331,000 after purchasing an additional 88 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Price Performance

RTX stock opened at $133.68 on Tuesday. 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 $89.14 and a 52 week high of $135.36. The stock has a market capitalization of $178.08 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The stock has a fifty day moving average of $123.06 and a 200-day moving average of $121.52.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.