OMERS ADMINISTRATION Corp Acquires 7,316 Shares of RTX Co. (NYSE:RTX)

OMERS ADMINISTRATION Corp increased its holdings in RTX Co. (NYSE:RTX) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 62,617 shares of the company’s stock after buying an additional 7,316 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in RTX were worth $7,246,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aprio Wealth Management LLC boosted its holdings in RTX by 8.6% in the 4th quarter. Aprio Wealth Management LLC now owns 2,883 shares of the company’s stock worth $334,000 after buying an additional 229 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of RTX in the fourth quarter worth about $262,000. Miracle Mile Advisors LLC boosted its stake in shares of RTX by 18.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 23,433 shares of the company’s stock worth $2,712,000 after acquiring an additional 3,589 shares during the period. Traveka Wealth LLC boosted its stake in shares of RTX by 3.2% in the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after acquiring an additional 86 shares during the period. Finally, Marcum Wealth LLC boosted its stake in RTX by 14.0% in the 4th quarter. Marcum Wealth LLC now owns 9,988 shares of the company’s stock worth $1,156,000 after purchasing an additional 1,229 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,946 shares of company stock worth $9,024,856 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Citigroup dropped their price target on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. UBS Group increased their price target on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Robert W. Baird raised shares of RTX from a “neutral” rating to an “outperform” rating and increased their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $161.06.

RTX Stock Up 0.2%

Shares of NYSE RTX opened at $130.77 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market capitalization of $174.70 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.11 and a beta of 0.60. The stock has a 50 day moving average price of $128.33 and a 200 day moving average price of $123.98. RTX Co. has a 52-week low of $99.07 and a 52-week high of $136.17.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.72 annualized dividend and a dividend yield of 2.08%. This is an increase from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio is 79.77%.

RTX 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.