American Century Companies Inc. Has $267.83 Million Stock Position in RTX Co. (NYSE:RTX)

American Century Companies Inc. lowered its holdings in RTX Co. (NYSE:RTX) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,314,461 shares of the company’s stock after selling 119,512 shares during the period. American Century Companies Inc.’s holdings in RTX were worth $267,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Plancorp LLC grew its holdings in RTX by 9.9% in the 4th quarter. Plancorp LLC now owns 4,835 shares of the company’s stock valued at $560,000 after buying an additional 434 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of RTX by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 126,150 shares of the company’s stock worth $14,598,000 after acquiring an additional 39,891 shares during the period. Quantbot Technologies LP lifted its position in shares of RTX by 739.7% in the 4th quarter. Quantbot Technologies LP now owns 28,081 shares of the company’s stock worth $3,250,000 after acquiring an additional 24,737 shares during the period. Sciencast Management LP lifted its position in shares of RTX by 13.9% in the 4th quarter. Sciencast Management LP now owns 26,360 shares of the company’s stock worth $3,050,000 after acquiring an additional 3,213 shares during the period. Finally, Summit Global Investments bought a new stake in shares of RTX in the 4th quarter worth approximately $614,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 1.6 %

Shares of RTX opened at $132.35 on Friday. The stock has a fifty day moving average price of $127.15 and a two-hundred day moving average price of $122.54. 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 $94.19 and a 52-week high of $135.74. The company has a market cap of $176.70 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Activity

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Four research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $166.40.

About RTX

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.