RTX Co. (NYSE:RTX) Position Increased by Mizuho Bank Ltd.

Mizuho Bank Ltd. raised its stake in RTX Co. (NYSE:RTX) by 35.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 650 shares of the company’s stock after acquiring an additional 170 shares during the period. Mizuho Bank Ltd.’s holdings in RTX were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Morse Asset Management Inc acquired a new stake in RTX during the 3rd quarter worth about $321,000. Redwood Investment Management LLC raised its holdings in shares of RTX by 4.0% during the third quarter. Redwood Investment Management LLC now owns 14,519 shares of the company’s stock valued at $1,748,000 after acquiring an additional 565 shares during the period. Quarry LP lifted its position in shares of RTX by 197.9% in the 3rd quarter. Quarry LP now owns 846 shares of the company’s stock valued at $103,000 after acquiring an additional 562 shares in the last quarter. Quadrature Capital Ltd acquired a new position in RTX in the 3rd quarter worth approximately $6,243,000. Finally, Stevens Capital Management LP purchased a new position in RTX during the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RTX. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.40.

RTX Price Performance

NYSE RTX opened at $117.43 on Friday. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The stock’s 50-day moving average is $129.05 and its two-hundred day moving average is $123.35. The firm has a market cap of $156.78 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.15%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. 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 in the last quarter. Insiders own 0.15% of the company’s stock.

RTX 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.