Mitsubishi UFJ Asset Management Co. Ltd. Buys 174,765 Shares of RTX Corporation $RTX

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of RTX Corporation (NYSE:RTX) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,574,758 shares of the company’s stock after purchasing an additional 174,765 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of RTX worth $375,966,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Access Investment Management LLC bought a new stake in RTX during the 2nd quarter worth approximately $31,000. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter worth approximately $40,000. Briaud Financial Planning Inc boosted its holdings in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of RTX during the 2nd quarter valued at $47,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,471 shares of company stock valued at $6,210,875. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $177.01 on Friday. The firm has a market capitalization of $237.33 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The business’s 50-day moving average price is $164.99 and its 200-day moving average price is $151.11.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the company posted $1.45 EPS. RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Bank of America boosted their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

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.