RTX Co. (NYSE:RTX) Shares Purchased by Mizuho Bank Ltd.

Mizuho Bank Ltd. raised its position in RTX Co. (NYSE:RTX) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Mizuho Bank Ltd.’s holdings in RTX were worth $75,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management increased its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter valued at approximately $39,000. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 9.8 %

RTX stock opened at $117.43 on Friday. The stock has a market cap of $156.78 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The firm’s 50-day simple moving average is $129.05 and its 200 day simple moving average is $123.35. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $136.17. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. RTX’s payout ratio is 70.99%.

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.