Schroder Investment Management Group Acquires 421,137 Shares of RTX Co. (NYSE:RTX)

Schroder Investment Management Group boosted its holdings in shares of RTX Co. (NYSE:RTX) by 195.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 637,058 shares of the company’s stock after buying an additional 421,137 shares during the quarter. Schroder Investment Management Group’s holdings in RTX were worth $73,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RTX. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of RTX during the fourth quarter worth $39,000. Modus Advisors LLC acquired a new stake in shares of RTX in the 4th quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in RTX during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.6 %

RTX opened at $132.56 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 fifty-two week low of $97.03 and a fifty-two week high of $136.17. The company has a fifty day moving average of $128.82 and a two-hundred day moving average of $123.15. The stock has a market capitalization of $176.97 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 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%. On average, research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value 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 represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company’s stock.

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.