RTX Corporation (NYSE:RTX) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,265 shares of the company's stock after acquiring an additional 40,730 shares during the period. Asset Management One Co. Ltd.'s holdings in RTX were worth $76,994,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. National Pension Service grew its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after acquiring an additional 2,686 shares during the last quarter. Deutsche Bank AG lifted its holdings in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in RTX in the 4th quarter worth approximately $3,356,000. Finally, Thoroughbred Financial Services LLC raised its stake in shares of RTX by 43.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after purchasing an additional 7,987 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Trading Down 2.7%

RTX stock traded down $3.96 during mid-day trading on Tuesday, hitting $141.85. The company's stock had a trading volume of 8,234,242 shares, compared to its average volume of 5,429,675. The company has a 50 day moving average of $133.77 and a 200-day moving average of $127.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market cap of $189.51 billion, a PE ratio of 41.60, a P/E/G ratio of 2.65 and a beta of 0.63. RTX Corporation has a one year low of $99.07 and a one year high of $149.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's dividend payout ratio is 79.77%.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president now directly 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. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Citigroup lowered their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank Of Canada decreased their target price on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Susquehanna reduced their price target 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. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average target price of $161.12.

About RTX

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.