RTX Co. (NYSE:RTX) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in RTX Co. (NYSE:RTX) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,150 shares of the company’s stock after purchasing an additional 6,870 shares during the period. Daiwa Securities Group Inc.’s holdings in RTX were worth $10,951,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in shares of RTX during the 4th quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX during the 3rd quarter valued at $28,000. Quarry LP purchased a new stake in shares of RTX in the first quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the fourth quarter worth $30,000. Finally, Financial Gravity Asset Management Inc. boosted its position in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RTX shares. Barclays raised 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. UBS Group raised their target price on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Robert W. Baird raised their target price on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada raised 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. Finally, Bank of America raised RTX from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.44.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the business’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 transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 over the last three months. 0.13% of the stock is owned by corporate insiders.

RTX Price Performance

NYSE RTX opened at $100.81 on Thursday. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91. The stock’s 50-day moving average is $94.13 and its two-hundred day moving average is $86.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The firm has a market cap of $134.04 billion, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. On average, analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

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