RTX Co. (NYSE:RTX) Holdings Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in RTX Co. (NYSE:RTX) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,422,317 shares of the company’s stock after selling 51,637 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of RTX worth $287,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in RTX. Cantor Fitzgerald Investment Advisor L.P increased its holdings in shares of RTX by 94.5% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after acquiring an additional 156,550 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of RTX by 9.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock valued at $1,091,000 after acquiring an additional 931 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in RTX by 1.2% during the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after purchasing an additional 128 shares during the period. AMI Investment Management Inc. boosted its position in RTX by 53.1% during the 1st quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock valued at $3,517,000 after purchasing an additional 12,316 shares during the period. Finally, LSV Asset Management boosted its position in RTX by 1.4% during the 1st quarter. LSV Asset Management now owns 141,700 shares of the company’s stock valued at $14,038,000 after purchasing an additional 2,000 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Barclays boosted their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Robert W. Baird boosted their price objective on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, RTX has an average rating of “Hold” and an average price target of $94.44.

RTX Trading Down 0.7 %

Shares of RTX stock opened at $100.10 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market cap of $133.10 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. The business has a fifty day simple moving average of $93.63 and a 200-day simple moving average of $85.63. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $104.91.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. RTX’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 earnings per share. On average, equities analysts forecast that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last three months. Corporate insiders own 0.13% of the company’s stock.

About RTX

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.