Epoch Investment Partners Inc. Sells 35,115 Shares of RTX Co. (NYSE:RTX)

Epoch Investment Partners Inc. reduced its position in shares of RTX Co. (NYSE:RTXFree Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 728,286 shares of the company’s stock after selling 35,115 shares during the quarter. Epoch Investment Partners Inc. owned about 0.05% of RTX worth $61,278,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Morningstar Investment Services LLC raised its stake in shares of RTX by 47.6% in the fourth quarter. Morningstar Investment Services LLC now owns 323,447 shares of the company’s stock worth $27,224,000 after purchasing an additional 104,319 shares during the last quarter. Stephens Inc. AR increased its position in shares of RTX by 14.6% during the fourth quarter. Stephens Inc. AR now owns 105,627 shares of the company’s stock valued at $8,887,000 after acquiring an additional 13,476 shares during the last quarter. Pinnacle West Asset Management Inc. purchased a new stake in shares of RTX during the fourth quarter valued at approximately $230,000. Cibc World Markets Corp increased its position in shares of RTX by 131.0% during the fourth quarter. Cibc World Markets Corp now owns 185,575 shares of the company’s stock valued at $15,614,000 after acquiring an additional 105,239 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of RTX by 60.7% during the fourth quarter. Gabelli Funds LLC now owns 31,840 shares of the company’s stock valued at $2,679,000 after acquiring an additional 12,025 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.1 %

Shares of RTX traded down $0.07 during trading hours on Friday, hitting $108.11. The company had a trading volume of 3,526,533 shares, compared to its average volume of 5,299,565. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market cap of $143.73 billion, a P/E ratio of 42.38, a P/E/G ratio of 1.90 and a beta of 0.83. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65. The stock’s 50 day moving average price is $103.09 and its 200 day moving average price is $92.87.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. On average, research analysts predict that RTX Co. will post 5.4 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.33%. RTX’s payout ratio is 98.82%.

Insider Buying and Selling at RTX

In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,937 shares of company stock valued at $12,256,952. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. UBS Group raised their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Bank of America lifted their price objective on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna lifted their price objective on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their price objective on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.33.

Get Our Latest Analysis on RTX

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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