Mufg Securities Americas Inc. Makes New Investment in RTX Co. (NYSE:RTX)

Mufg Securities Americas Inc. acquired a new position in RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,648 shares of the company’s stock, valued at approximately $2,274,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Fairway Wealth LLC purchased a new stake in RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management lifted its stake in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Greenline Partners LLC purchased a new stake in RTX during the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new position in RTX during the 4th quarter worth approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in RTX during the 4th quarter worth approximately $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $130.77 on Wednesday. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17. The firm has a market capitalization of $174.70 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $128.33 and a two-hundred day simple moving average of $123.98.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion for 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%. On average, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a $0.68 dividend. This is a boost from RTX’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 2.08%. RTX’s payout ratio is presently 79.77%.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at approximately $3,771,880.44. This represents a 39.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,946 shares of company stock valued at $9,024,856. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on RTX shares. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Susquehanna lowered their price target on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $161.06.

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.