RTX Co. (NYSE:RTX) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its holdings in RTX Co. (NYSE:RTX) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,086 shares of the company’s stock after selling 93,112 shares during the quarter. Calamos Advisors LLC’s holdings in RTX were worth $48,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RTX. Norges Bank acquired a new stake in RTX during the fourth quarter worth about $1,580,608,000. Moneta Group Investment Advisors LLC increased its stake in RTX by 87,932.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after acquiring an additional 13,598,794 shares during the last quarter. Boston Partners acquired a new stake in RTX during the third quarter worth about $355,350,000. Morgan Stanley increased its stake in RTX by 11.3% during the fourth 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 during the last quarter. Finally, Capital World Investors increased its stake in RTX by 32.8% during the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after acquiring an additional 2,256,475 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, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on 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 directly owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 in the last three months. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RTX. TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada upped their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. TD Cowen upped their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Barclays upped their target price on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.44.

RTX Stock Performance

Shares of RTX stock traded down $0.04 on Thursday, reaching $100.71. 4,237,409 shares of the company were exchanged, compared to its average volume of 8,241,813. 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 company’s 50-day moving average is $94.13 and its two-hundred day moving average is $86.13. The firm has a market cap of $133.91 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.84 and a beta of 0.88. RTX Co. has a 1-year low of $68.56 and a 1-year high of $104.91.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio is currently 105.36%.

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.