Meiji Yasuda Asset Management Co Ltd. Sells 152 Shares of RTX Co. (NYSE:RTX)

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,734 shares of the company’s stock after selling 152 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in RTX were worth $2,631,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RTX. Potentia Wealth acquired a new position in RTX in the fourth quarter valued at about $976,000. Ariadne Wealth Management LP raised its position in shares of RTX by 4.0% in the 4th quarter. Ariadne Wealth Management LP now owns 2,271 shares of the company’s stock valued at $291,000 after acquiring an additional 87 shares during the period. PKS Advisory Services LLC bought a new position in RTX during the 4th quarter worth approximately $670,000. Signature Estate & Investment Advisors LLC grew its holdings in RTX by 4.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 7,689 shares of the company’s stock valued at $890,000 after purchasing an additional 301 shares during the period. Finally, Heritage Wealth Management Inc. CA increased its stake in RTX by 33.3% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 3,508 shares of the company’s stock valued at $406,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.9 %

RTX stock opened at $135.84 on Wednesday. The company has a market cap of $181.36 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $95.58 and a twelve month high of $135.94. The business has a 50 day moving average price of $127.81 and a two-hundred day moving average price of $122.79. 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 (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.86%. RTX’s dividend payout ratio is currently 70.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RTX. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating in a research note on Monday. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Insiders Place Their Bets

In related news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

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.