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MUFG Securities EMEA plc Has $10.33 Million Stake in RTX Corporation (NYSE:RTX)

RTX logo with Aerospace background

Key Points

  • MUFG Securities EMEA plc reduced its holdings in RTX Corporation by 9.3%, selling 7,999 shares and holding a total of 78,000 shares worth approximately $10.33 million.
  • RTX Corporation announced a quarterly dividend of $0.68, with a dividend yield of 1.8% and a payout ratio of 59.78%.
  • RTX's stock recently opened at $154.98 and reported earnings of $1.56 per share, exceeding analyst expectations of $1.45 per share.
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MUFG Securities EMEA plc decreased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,000 shares of the company's stock after selling 7,999 shares during the period. RTX comprises approximately 0.2% of MUFG Securities EMEA plc's holdings, making the stock its 28th biggest holding. MUFG Securities EMEA plc's holdings in RTX were worth $10,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. Northern Trust Corp increased its position in shares of RTX by 8.4% in the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after acquiring an additional 997,806 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in RTX by 43.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in RTX by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,647,638 shares of the company's stock worth $884,958,000 after acquiring an additional 203,173 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

NYSE:RTX traded down $0.02 during mid-day trading on Monday, reaching $154.84. 3,572,241 shares of the company were exchanged, compared to its average volume of 5,106,436. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The company has a fifty day moving average of $148.22 and a 200 day moving average of $135.73. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $207.25 billion, a PE ratio of 34.03, a PEG ratio of 2.85 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the company posted $1.41 EPS. The company's revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RTX shares. Morgan Stanley boosted their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, UBS Group upped their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

View Our Latest Stock Analysis on RTX

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated 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 directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,935 shares of company stock valued at $5,938,488 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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