Fidelis Capital Partners LLC Buys 2,126 Shares of RTX Co. (NYSE:RTX)

Fidelis Capital Partners LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,563 shares of the company’s stock after acquiring an additional 2,126 shares during the quarter. Fidelis Capital Partners LLC’s holdings in RTX were worth $805,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after acquiring an additional 3,104,282 shares in the last quarter. Norges Bank bought a new stake in shares of RTX during the 4th quarter worth about $1,580,608,000. Northern Trust Corp boosted its stake in shares of RTX by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock worth $987,871,000 after acquiring an additional 256,215 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock valued at $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in RTX by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock valued at $784,735,000 after purchasing an additional 60,319 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

RTX Trading Up 1.1 %

RTX traded up $1.11 during mid-day trading on Friday, reaching $101.82. The stock had a trading volume of 1,345,124 shares, compared to its average volume of 8,148,761. The stock has a market capitalization of $135.38 billion, a P/E ratio of 44.95, a P/E/G ratio of 1.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm’s fifty day simple moving average is $94.33 and its two-hundred day simple moving average is $86.23. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.32.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. On average, equities analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Analyst Ratings Changes

Several analysts recently weighed in on RTX shares. Barclays increased their target price on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird increased their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their target price on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and upped their price target for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Finally, UBS Group upped their price target on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.44.

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.