Meiji Yasuda Asset Management Co Ltd. Sells 5,251 Shares of RTX Corporation $RTX

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in RTX Corporation (NYSE:RTXFree Report) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,180 shares of the company’s stock after selling 5,251 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in RTX were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp grew its stake in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after acquiring an additional 552,009 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in RTX by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after purchasing an additional 16,034 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of RTX by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after purchasing an additional 16,467 shares during the last quarter. Rockland Trust Co. grew its position in shares of RTX by 121.1% during the third quarter. Rockland Trust Co. now owns 20,245 shares of the company’s stock valued at $3,388,000 after purchasing an additional 11,089 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of RTX by 4.0% during the third quarter. Rafferty Asset Management LLC now owns 332,214 shares of the company’s stock valued at $55,589,000 after purchasing an additional 12,927 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 89,255 shares of company stock valued at $18,151,956. Insiders own 0.15% of the company’s stock.

Trending Headlines about RTX

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of RTX in a research report on Thursday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $204.00 price objective on shares of RTX in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Wolfe Research reiterated an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.00.

View Our Latest Research Report on RTX

RTX Trading Down 0.7%

Shares of RTX stock opened at $208.21 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $198.00 and its two-hundred day simple moving average is $179.25. The company has a market cap of $279.47 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.42.

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

RTX Dividend Announcement

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

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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