RTX Corporation (NYSE:RTX) Stock Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in RTX Corporation by 5.3% in Q1, selling 36,043 shares and holding a total of 642,587 shares valued at approximately $85.1 million.
• Several analysts have recently adjusted their ratings and price targets for RTX, with Morgan Stanley increasing its target to $180.00, indicating a positive outlook for the stock.
• RTX announced a quarterly dividend of $0.68, which will be paid on September 4th, reflecting a 1.7% dividend yield and a payout ratio of 59.78%.

Mitsubishi UFJ Trust & Banking Corp decreased its position in RTX Corporation (NYSE:RTX - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 642,587 shares of the company's stock after selling 36,043 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in RTX were worth $85,117,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RTX. Brighton Jones LLC grew its position in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. Trexquant Investment LP raised its position in shares of RTX by 43.5% in the 4th quarter. Trexquant Investment LP now owns 47,774 shares of the company's stock valued at $5,528,000 after purchasing an additional 14,472 shares in the last quarter. OneAscent Financial Services LLC raised its position in shares of RTX by 47.6% in the 4th quarter. OneAscent Financial Services LLC now owns 3,218 shares of the company's stock valued at $372,000 after purchasing an additional 1,038 shares in the last quarter. Finally, World Investment Advisors raised its position in shares of RTX by 25.7% in the 4th quarter. World Investment Advisors now owns 51,284 shares of the company's stock valued at $5,935,000 after purchasing an additional 10,475 shares in the last quarter. 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. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Cowen reaffirmed a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, RTX has an average rating of "Moderate Buy" and an average price target of $158.67.

RTX Price Performance

Shares of NYSE RTX traded down $0.65 during mid-day trading on Friday, reaching $156.92. 4,418,299 shares of the company traded hands, compared to its average volume of 4,970,908. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $158.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a market cap of $210.04 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The stock has a fifty day simple moving average of $145.69 and a 200-day simple moving average of $134.40.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the business earned $1.41 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,234 shares of company stock valued at $4,439,755 in the last ninety days. Company insiders own 0.15% of the company's stock.

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.