US Bancorp DE Sells 3,563 Shares of RTX Co. (NYSE:RTX)

US Bancorp DE lessened its stake in RTX Co. (NYSE:RTX) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 954,135 shares of the company’s stock after selling 3,563 shares during the quarter. US Bancorp DE owned approximately 0.07% of RTX worth $110,413,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in shares of RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company’s stock valued at $2,204,198,000 after purchasing an additional 576,214 shares in the last quarter. Sage Investment Counsel LLC bought a new stake in RTX during the fourth quarter worth $553,000. SVB Wealth LLC bought a new stake in RTX during the fourth quarter worth $4,457,000. Mutual of America Capital Management LLC lifted its holdings in RTX by 2.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 168,020 shares of the company’s stock worth $19,443,000 after acquiring an additional 4,435 shares during the period. Finally, Flputnam Investment Management Co. lifted its holdings in RTX by 9.7% during the fourth quarter. Flputnam Investment Management Co. now owns 76,883 shares of the company’s stock worth $8,897,000 after acquiring an additional 6,819 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, 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 SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,334 shares of company stock valued at $4,639,194 over the last 90 days. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $133.02 on Friday. The stock has a market cap of $177.19 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a fifty-two week low of $88.95 and a fifty-two week high of $133.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a fifty day moving average of $122.72 and a 200-day moving average of $121.35.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna boosted their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.