RTX Co. (NYSE:RTX) is Charter Research & Investment Group Inc.’s 6th Largest Position

Charter Research & Investment Group Inc. decreased its position in shares of RTX Co. (NYSE:RTX) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,732 shares of the company’s stock after selling 311 shares during the quarter. RTX makes up 3.4% of Charter Research & Investment Group Inc.’s holdings, making the stock its 6th largest holding. Charter Research & Investment Group Inc.’s holdings in RTX were worth $4,482,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group lifted its position in shares of RTX by 195.0% in the fourth quarter. Schroder Investment Management Group now owns 637,058 shares of the company’s stock valued at $73,402,000 after acquiring an additional 421,137 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in RTX by 51.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 262,074 shares of the company’s stock worth $30,327,000 after purchasing an additional 88,604 shares in the last quarter. Allianz SE bought a new position in RTX in the 4th quarter worth approximately $5,844,000. Mechanics Financial Corp grew its holdings in RTX by 360.0% during the 4th quarter. Mechanics Financial Corp now owns 6,210 shares of the company’s stock valued at $719,000 after buying an additional 4,860 shares in the last quarter. Finally, WealthTrak Capital Management LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $131.68 on Friday. The company has a market capitalization of $175.81 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.11 and a beta of 0.78. The company’s 50-day simple moving average is $128.59 and its two-hundred day simple moving average is $123.03. RTX Co. has a one year low of $97.03 and a one year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. As a group, equities analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Susquehanna lifted their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insiders Place Their Bets

In other 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 transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last three months. Corporate insiders own 0.15% of the company’s stock.

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.