UniSuper Management Pty Ltd Purchases 19,321 Shares of RTX Co. (NYSE:RTX)

UniSuper Management Pty Ltd grew its stake in RTX Co. (NYSE:RTX - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 692,900 shares of the company's stock after buying an additional 19,321 shares during the period. UniSuper Management Pty Ltd owned 0.05% of RTX worth $80,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co acquired a new stake in shares of RTX during the fourth quarter worth $14,048,000. Artisan Partners Limited Partnership acquired a new stake in RTX during the 4th quarter worth about $5,876,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of RTX by 8.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,121,695 shares of the company's stock worth $245,841,000 after acquiring an additional 157,687 shares in the last quarter. Tyler Stone Wealth Management lifted its stake in shares of RTX by 3.3% in the 4th quarter. Tyler Stone Wealth Management now owns 5,930 shares of the company's stock valued at $686,000 after purchasing an additional 187 shares during the period. Finally, Aviso Wealth Management acquired a new stake in RTX during the fourth quarter worth approximately $373,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RTX shares. Vertical Research raised RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Susquehanna increased their target price on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

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RTX Price Performance

NYSE:RTX traded down $1.75 during trading hours on Friday, hitting $131.68. 3,934,907 shares of the company's stock traded hands, compared to its average volume of 5,648,342. RTX Co. has a 52 week low of $97.03 and a 52 week high of $136.17. The business's fifty day simple moving average is $128.59 and its two-hundred day simple moving average is $123.03. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $175.81 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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 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 earnings per share for the current fiscal year.

RTX Announces Dividend

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

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on 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 directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the sale, the executive vice president now directly owns 29,742 shares of the company's stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

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.