Mitsubishi UFJ Asset Management Co. Ltd. Has $245.84 Million Holdings in RTX Co. (NYSE:RTX)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of RTX Co. (NYSE:RTX) by 8.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,121,695 shares of the company’s stock after purchasing an additional 157,687 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in RTX were worth $245,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. boosted its stake in shares of RTX by 0.7% during the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock valued at $1,401,000 after purchasing an additional 79 shares in the last quarter. Fusion Capital LLC raised its holdings in RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company’s stock valued at $1,754,000 after buying an additional 80 shares during the last quarter. McDonough Capital Management Inc boosted its position in RTX by 1.6% during the 4th quarter. McDonough Capital Management Inc now owns 5,215 shares of the company’s stock worth $603,000 after buying an additional 80 shares during the period. New England Professional Planning Group Inc. grew its holdings in RTX by 3.8% during the 4th quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company’s stock worth $253,000 after acquiring an additional 81 shares during the last quarter. Finally, Pointe Capital Management LLC increased its position in RTX by 0.5% in the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company’s stock valued at $2,047,000 after acquiring an additional 81 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $134.46 on Thursday. The stock has a 50 day moving average of $128.12 and a 200 day moving average of $122.87. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 12 month low of $96.33 and a 12 month high of $136.17. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. RTX’s payout ratio is 70.99%.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction that occurred 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 owns 29,742 shares in the company, 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 sold 79,831 shares of company stock worth $10,309,302 over the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RTX shares. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

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.