Mirae Asset Global Investments Co. Ltd. raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,054 shares of the company's stock after buying an additional 20,187 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in RTX were worth $20,687,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of RTX. Dynamic Advisor Solutions LLC boosted its stake in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after acquiring an additional 2,686 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of RTX during the 4th quarter worth about $3,356,000. Thoroughbred Financial Services LLC boosted 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 worth $3,046,000 after purchasing an additional 7,987 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in RTX during the first quarter worth approximately $1,030,000. Institutional investors and hedge funds own 86.50% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on RTX. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group raised their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $161.12.
Check Out Our Latest Research Report on RTX
RTX Stock Performance
NYSE:RTX opened at $144.64 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $193.23 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.61 and a beta of 0.63. The firm's fifty day simple moving average is $134.87 and its 200 day simple moving average is $128.37. RTX Corporation has a twelve month low of $99.07 and a twelve month high of $149.26.
RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. As a group, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.
RTX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.88%. RTX's dividend payout ratio (DPR) is presently 79.77%.
Insider Transactions at RTX
In other RTX 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 transaction, the executive vice president now owns 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.
RTX Company Profile
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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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