State of New Jersey Common Pension Fund D Has $56.74 Million Stock Position in RTX Co. (NYSE:RTX)

State of New Jersey Common Pension Fund D trimmed its position in RTX Co. (NYSE:RTX) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 490,278 shares of the company’s stock after selling 381 shares during the period. State of New Jersey Common Pension Fund D’s holdings in RTX were worth $56,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Americana Partners LLC lifted its stake in shares of RTX by 1,171.5% in the fourth quarter. Americana Partners LLC now owns 199,502 shares of the company’s stock worth $23,086,000 after buying an additional 183,812 shares during the last quarter. Strategic Advisors LLC lifted its stake in shares of RTX by 11.2% in the fourth quarter. Strategic Advisors LLC now owns 4,045 shares of the company’s stock worth $468,000 after buying an additional 409 shares during the last quarter. Sierra Ocean LLC bought a new position in RTX during the fourth quarter worth $404,000. WBH Advisory Inc. increased its position in RTX by 8.6% during the fourth quarter. WBH Advisory Inc. now owns 7,392 shares of the company’s stock worth $855,000 after acquiring an additional 586 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in RTX by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 38,447 shares of the company’s stock worth $4,449,000 after acquiring an additional 1,826 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

RTX Stock Down 2.5 %

RTX opened at $122.68 on Monday. The firm’s 50-day simple moving average is $120.79 and its 200-day simple moving average is $120.68. 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 twelve month low of $88.90 and a twelve month high of $132.43. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.05%. RTX’s dividend payout ratio (DPR) is 70.99%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Bank of America boosted their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group boosted their target price on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

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.