Elo Mutual Pension Insurance Co Purchases Shares of 121,395 RTX Co. (NYSE:RTX)

Elo Mutual Pension Insurance Co acquired a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,395 shares of the company's stock, valued at approximately $14,048,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in RTX by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after buying an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC raised its holdings in RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC lifted its holdings in RTX by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after purchasing an additional 576,214 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in RTX by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,247,429 shares of the company's stock valued at $1,185,832,000 after acquiring an additional 151,474 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in RTX by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,806,866 shares of the company's stock valued at $1,134,851,000 after purchasing an additional 549,814 shares during the period. Institutional investors own 86.50% of the company's stock.

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RTX Trading Down 1.3 %

RTX stock traded down $1.75 during mid-day trading on Friday, hitting $131.68. The company's stock had a trading volume of 3,934,907 shares, compared to its average volume of 5,648,342. RTX Co. has a one year low of $97.03 and a one year high of $136.17. The stock has a market cap of $175.81 billion, a PE ratio of 37.09, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a 50 day moving average of $128.59 and a 200-day moving average of $123.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 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%. On average, research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.91%. RTX's payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RTX shares. 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 research note on Thursday, January 30th. Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Citigroup raised RTX from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.40.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate 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.