Financial Counselors Inc. Has $55.72 Million Position in RTX Co. (NYSE:RTX)

Financial Counselors Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 481,538 shares of the company’s stock after buying an additional 1,390 shares during the quarter. Financial Counselors Inc.’s holdings in RTX were worth $55,724,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Douglass Winthrop Advisors LLC raised its position in RTX by 4.2% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock worth $761,000 after purchasing an additional 255 shares during the last quarter. DRW Securities LLC increased its stake in shares of RTX by 212.1% in the third quarter. DRW Securities LLC now owns 11,092 shares of the company’s stock valued at $1,343,000 after buying an additional 7,538 shares during the period. Boston Family Office LLC raised its position in shares of RTX by 18.6% during the third quarter. Boston Family Office LLC now owns 9,199 shares of the company’s stock worth $1,115,000 after acquiring an additional 1,441 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of RTX in the third quarter worth approximately $211,000. Finally, Diversified LLC boosted its holdings in RTX by 5.5% in the third quarter. Diversified LLC now owns 2,130 shares of the company’s stock valued at $258,000 after acquiring an additional 111 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.9 %

Shares of RTX stock opened at $135.84 on Wednesday. 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 stock has a fifty day simple moving average of $127.81 and a 200 day simple moving average of $122.79. RTX Co. has a 12-month low of $95.58 and a 12-month high of $135.94. The company has a market capitalization of $181.36 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 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, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. Bank of America increased their price objective 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. JPMorgan Chase & Co. lifted their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” 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. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

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.