Meiji Yasuda Asset Management Co Ltd. Increases Holdings in RTX Corporation $RTX

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 227.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,091 shares of the company’s stock after buying an additional 20,911 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in RTX were worth $5,519,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Alpha Cubed Investments LLC raised its stake in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after buying an additional 50 shares during the last quarter. LeConte Wealth Management LLC raised its stake in RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after buying an additional 51 shares during the last quarter. Rydar Equities Inc. raised its stake in RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after buying an additional 52 shares during the last quarter. Howard Capital Management Inc. raised its stake in RTX by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after buying an additional 53 shares during the last quarter. Finally, Purus Wealth Management LLC raised its stake in RTX by 0.4% during the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $176.35 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a one year low of $130.90 and a one year high of $214.50. The firm has a market capitalization of $237.49 billion, a P/E ratio of 33.09, a PEG ratio of 2.48 and a beta of 0.31. The business has a fifty day moving average of $189.25 and a 200 day moving average of $188.74.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. RTX’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is presently 51.03%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RTX shares. Wolfe Research restated an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $204.00 price target on shares of RTX in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

Read Our Latest Analysis on RTX

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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