UniSuper Management Pty Ltd Increases Stock Holdings in RTX Co. (NYSE:RTX)

UniSuper Management Pty Ltd raised its stake in shares of RTX Co. (NYSE:RTX) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 692,900 shares of the company’s stock after purchasing an additional 19,321 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.05% of RTX worth $80,182,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RTX. Amundi raised its stake in RTX by 83.1% in the fourth quarter. Amundi now owns 6,288,559 shares of the company’s stock worth $728,964,000 after buying an additional 2,854,928 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after acquiring an additional 2,094,834 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of RTX during the 4th quarter worth approximately $216,340,000. Vanguard Group Inc. lifted its stake in shares of RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of RTX by 19,052.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,043,239 shares of the company’s stock valued at $120,724,000 after purchasing an additional 1,037,792 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by company insiders.

RTX Trading Down 0.9 %

Shares of NYSE:RTX opened at $134.46 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 1 year low of $96.33 and a 1 year high of $136.17. The company has a market cap of $179.52 billion, a P/E ratio of 37.88, a PEG ratio of 2.11 and a beta of 0.78. The stock’s fifty day moving average price is $128.12 and its 200-day moving average price is $122.87.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Royal Bank of Canada increased their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $166.40.

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.