RTX Co. (NYSE:RTX) Shares Acquired by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its position in RTX Co. (NYSE:RTX) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,585 shares of the company’s stock after acquiring an additional 1,181 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in RTX were worth $18,975,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Ignite Planners LLC raised its holdings in RTX by 26.5% in the fourth quarter. Ignite Planners LLC now owns 2,222 shares of the company’s stock valued at $257,000 after acquiring an additional 466 shares in the last quarter. Wynn Capital LLC increased its stake in RTX by 1.2% in the fourth quarter. Wynn Capital LLC now owns 13,602 shares of the company’s stock valued at $1,574,000 after purchasing an additional 155 shares during the last quarter. Accurate Wealth Management LLC increased its stake in RTX by 9.0% in the fourth quarter. Accurate Wealth Management LLC now owns 6,774 shares of the company’s stock valued at $780,000 after purchasing an additional 559 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in RTX by 16.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,693 shares of the company’s stock valued at $1,700,000 after purchasing an additional 2,097 shares during the last quarter. Finally, Pines Wealth Management LLC purchased a new position in RTX in the fourth quarter valued at approximately $729,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Susquehanna lowered their target price on shares of RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Morgan Stanley upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 target price on the stock in a research report on Wednesday, April 23rd. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $159.82.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now owns 9,546 shares of the company’s stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,946 shares of company stock valued at $9,024,856 in the last 90 days. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 0.1%

NYSE:RTX opened at $130.82 on Thursday. The company has a market capitalization of $174.77 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. 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 $99.07 and a 52-week high of $136.17. The stock has a fifty day simple moving average of $128.37 and a 200-day simple moving average of $124.03.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio is currently 79.77%.

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.