TCW Group Inc. Raises Stake in RTX Co. (NYSE:RTX)

TCW Group Inc. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,626 shares of the company’s stock after acquiring an additional 465 shares during the period. TCW Group Inc.’s holdings in RTX were worth $2,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ST. Nicholas Private Asset Management Inc. purchased a new position in RTX in the fourth quarter worth about $1,661,000. Pinnacle Financial Partners Inc raised its holdings in RTX by 2.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 29,129 shares of the company’s stock worth $3,403,000 after buying an additional 633 shares during the last quarter. Sigma Planning Corp raised its holdings in RTX by 1.0% in the fourth quarter. Sigma Planning Corp now owns 31,012 shares of the company’s stock worth $3,589,000 after buying an additional 294 shares during the last quarter. Callan Capital LLC raised its holdings in RTX by 5.0% in the fourth quarter. Callan Capital LLC now owns 6,221 shares of the company’s stock worth $720,000 after buying an additional 298 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. raised its holdings in RTX by 23.8% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 4,156 shares of the company’s stock worth $481,000 after buying an additional 800 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE RTX opened at $125.33 on Tuesday. The firm has a 50 day moving average of $121.64 and a 200 day moving average of $121.05. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $166.95 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a 12-month low of $88.95 and a 12-month high of $132.43.

RTX (NYSE:RTX) last announced its earnings results 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 net margin of 5.91% and a return on equity of 12.45%. On average, research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on 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 owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RTX shares. Royal Bank of Canada lifted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $147.00 in a research note on Monday. Finally, Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

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.