RTX Corporation $RTX Shares Purchased by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co boosted its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 64.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,021 shares of the company’s stock after purchasing an additional 3,150 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in RTX were worth $1,342,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RTX. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth about $29,000. Valley Wealth Managers Inc. acquired a new position in RTX in the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. raised its stake in RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the period. Finally, Clayton Financial Group LLC acquired a new stake in RTX during the 3rd quarter worth approximately $36,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Friday. Robert W. Baird set a $225.00 price objective on shares of RTX in a research note on Wednesday, January 28th. Royal Bank Of Canada upped their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.00.

Read Our Latest Stock Analysis on RTX

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 17,527 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 15,124 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 89,255 shares of company stock worth $18,151,956. Insiders own 0.15% of the company’s stock.

RTX Stock Up 2.9%

RTX opened at $209.70 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $214.50. The stock has a market capitalization of $281.48 billion, a P/E ratio of 42.28, a P/E/G ratio of 3.03 and a beta of 0.42. The business has a 50 day simple moving average of $197.52 and a 200-day simple moving average of $178.73.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio is 54.84%.

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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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