RTX Co. Stake Increased by Meiji Yasuda Life Insurance Co
Meiji Yasuda Life Insurance Co increased its stake in RTX Co. (NYSE:RTX) by 41.1% during the fourth quarter, as per its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 6,726 shares after purchasing an additional 1,960 shares during the quarter, with its holdings valued at $778,000.
Other institutional investors have also adjusted their RTX positions. Norges Bank acquired a new stake valued at approximately $1.75 billion, while T. Rowe Price Investment Management Inc. boosted its position by 43.1%. Amundi increased its holdings by 83.1%, and Assenagon Asset Management S.A. raised its position by 545.6%. Capital Wealth Planning LLC also acquired a new stake worth about $216.34 million.
RTX stock opened at $130.30 on Friday, with a 12-month low of $99.07 and a high of $136.17. The company has a market cap of $174.07 billion and a price-to-earnings ratio of 36.70. RTX recently reported $1.47 earnings per share, exceeding analysts’ estimates of $1.35. The company also declared a quarterly dividend of $0.68 per share, payable on June 12th.
Several research analysts have issued reports on RTX, upgrading their ratings and price targets. The stock currently has a consensus ‘Buy’ rating and a consensus price target of $161.06. RTX Corporation operates as an aerospace and defense company, providing systems and services for commercial, military, and government customers.
