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

Daiwa Securities Group Inc. raised its position in shares of RTX Co. (NYSE:RTX) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,150 shares of the company’s stock after acquiring an additional 6,870 shares during the quarter. Daiwa Securities Group Inc.’s holdings in RTX were worth $10,951,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RTX. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of RTX by 94.5% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after acquiring an additional 156,550 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of RTX by 9.2% in the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock valued at $1,091,000 after purchasing an additional 931 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of RTX by 1.2% in the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after purchasing an additional 128 shares in the last quarter. AMI Investment Management Inc. grew its position in shares of RTX by 53.1% in the first quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock valued at $3,517,000 after purchasing an additional 12,316 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of RTX by 1.4% in the first quarter. LSV Asset Management now owns 141,700 shares of the company’s stock valued at $14,038,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RTX news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 312 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last ninety days. Company insiders own 0.13% of the company’s stock.

RTX Trading Up 0.1 %

RTX opened at $100.81 on Thursday. RTX Co. has a 52 week low of $68.56 and a 52 week high of $104.91. The business has a fifty day simple moving average of $94.13 and a 200-day simple moving average of $86.13. The firm has a market cap of $134.04 billion, a P/E ratio of 44.98, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $19.93 billion during 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 company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. On average, equities analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.34%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price target on shares of RTX in a research report on Monday, April 1st. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Finally, UBS Group increased their price objective on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Hold” and an average price target of $94.44.

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.