Mitsubishi UFJ Asset Management UK Ltd. Has $2.91 Million Stock Holdings in RTX Co. (NYSE:RTX)

Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of RTX Co. (NYSE:RTX) by 26.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. RTX comprises about 1.5% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 14th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in RTX were worth $2,908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RTX. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory bought a new position in shares of RTX during the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the 2nd quarter valued at $41,000. Finally, Alaska Permanent Fund Corp acquired a new stake in RTX during the 1st quarter valued at $42,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

RTX traded up $0.17 during midday trading on Friday, hitting $125.92. The company had a trading volume of 4,356,338 shares, compared to its average volume of 6,796,400. The company has a market capitalization of $167.41 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 2.21 and a beta of 0.82. The stock’s 50 day moving average price is $120.91 and its 200 day moving average price is $110.38. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. RTX Co. has a 52 week low of $72.48 and a 52 week high of $127.00.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is currently 98.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. Robert W. Baird upped their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Melius Research lifted their price objective on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RTX currently has an average rating of “Hold” and an average price target of $162.50.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the completion of the sale, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at $4,463,273.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last ninety days. 0.13% of the stock is currently owned by insiders.

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.