Daiwa Securities Group Inc. Boosts Stock Position in RTX Co. (NYSE:RTX)

Daiwa Securities Group Inc. increased its position in RTX Co. (NYSE:RTX - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,831 shares of the company's stock after acquiring an additional 14,523 shares during the quarter. Daiwa Securities Group Inc.'s holdings in RTX were worth $20,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional increased its holdings in RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after acquiring an additional 11,706 shares in the last quarter. National Pension Service increased its holdings in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock worth $330,910,000 after acquiring an additional 375,781 shares in the last quarter. LRI Investments LLC grew its holdings in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management purchased a new stake in RTX during the 3rd quarter valued at approximately $1,307,000. Finally, Czech National Bank grew its holdings in RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after buying an additional 17,608 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 0.3 %

RTX traded down $0.36 during trading on Tuesday, reaching $128.16. The company had a trading volume of 4,404,483 shares, compared to its average volume of 5,602,356. The stock has a market cap of $170.73 billion, a P/E ratio of 36.10, a PEG ratio of 2.11 and a beta of 0.78. The business has a 50 day simple moving average of $124.54 and a 200-day simple moving average of $121.97. RTX Co. has a 52 week low of $89.44 and a 52 week high of $135.36. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts anticipate that RTX Co. will post 6.11 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. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX's dividend payout ratio (DPR) is 70.99%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RTX. Morgan Stanley increased their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and increased their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised 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. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $163.40.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The shares were 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 owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is currently owned by insiders.

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.