Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in RTX Co. (NYSE:RTX)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in RTX Co. (NYSE:RTX) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,284 shares of the company’s stock after acquiring an additional 6,517 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in RTX were worth $17,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its holdings in RTX by 1.6% in the 3rd quarter. Brookstone Capital Management now owns 40,706 shares of the company’s stock worth $4,932,000 after buying an additional 640 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of RTX in the 3rd quarter valued at $350,000. CWM LLC raised its holdings in shares of RTX by 2.5% during the third quarter. CWM LLC now owns 128,288 shares of the company’s stock worth $15,543,000 after purchasing an additional 3,080 shares during the last quarter. Abner Herrman & Brock LLC lifted its position in RTX by 17.4% during the third quarter. Abner Herrman & Brock LLC now owns 73,855 shares of the company’s stock valued at $8,948,000 after purchasing an additional 10,937 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in RTX by 23.3% in the third quarter. Hexagon Capital Partners LLC now owns 708 shares of the company’s stock valued at $86,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $128.80 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business has a 50 day simple moving average of $119.87 and a two-hundred day simple moving average of $119.90. The stock has a market capitalization of $171.43 billion, a P/E ratio of 36.28, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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, analysts predict that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RTX shares. Susquehanna boosted their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Bank of America increased their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

About RTX

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.