Financial Engines Advisors L.L.C. Raises Position in RTX Co. (NYSE:RTX)

Financial Engines Advisors L.L.C. grew its position in shares of RTX Co. (NYSE:RTX) by 145.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,119 shares of the company’s stock after purchasing an additional 6,587 shares during the period. Financial Engines Advisors L.L.C.’s holdings in RTX were worth $1,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Fairway Wealth LLC purchased a new stake in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management increased its holdings in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares in the last quarter. Modus Advisors LLC purchased a new position in RTX in the 4th quarter worth about $39,000. Millstone Evans Group LLC bought a new position in RTX during the 4th quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX during the fourth quarter valued at approximately $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $134.46 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $96.33 and a 52 week high of $136.17. The stock’s 50-day simple moving average is $128.12 and its 200-day simple moving average is $122.87. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.87%. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last 90 days. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTX shares. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.