Elo Mutual Pension Insurance Co Makes New Investment in RTX Co. (NYSE:RTX)

Elo Mutual Pension Insurance Co bought a new position in RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 121,395 shares of the company’s stock, valued at approximately $14,048,000.

Several other large investors have also recently modified their holdings of the stock. FMR LLC grew its holdings in RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after purchasing an additional 490,109 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of RTX during the third quarter valued at approximately $405,000. Transamerica Financial Advisors Inc. bought a new stake in shares of RTX during the 3rd quarter worth approximately $1,496,000. Cadence Bank grew its position in RTX by 1.4% in the 3rd quarter. Cadence Bank now owns 148,840 shares of the company’s stock valued at $18,033,000 after acquiring an additional 1,992 shares during the last quarter. Finally, RS Crum Inc. increased its stake in RTX by 4.0% in the third quarter. RS Crum Inc. now owns 3,892 shares of the company’s stock worth $472,000 after purchasing an additional 150 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 2,872 shares of RTX 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 completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $134.46 on Thursday. The firm’s fifty day simple moving average is $128.12 and its two-hundred day simple moving average is $122.87. The firm has a market capitalization of $179.52 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.11 and a beta of 0.78. 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.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Profile

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.