RTX Corporation $RTX Position Raised by Global Financial Private Client LLC

Global Financial Private Client LLC raised its position in shares of RTX Corporation (NYSE:RTX) by 35.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,865 shares of the company’s stock after purchasing an additional 2,339 shares during the quarter. Global Financial Private Client LLC’s holdings in RTX were worth $1,294,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HF Advisory Group LLC raised its stake in shares of RTX by 15.5% in the 2nd quarter. HF Advisory Group LLC now owns 18,312 shares of the company’s stock worth $2,674,000 after buying an additional 2,452 shares in the last quarter. Rockland Trust Co. grew its holdings in RTX by 50.6% during the second quarter. Rockland Trust Co. now owns 9,156 shares of the company’s stock worth $1,337,000 after acquiring an additional 3,075 shares during the period. ARS Wealth Advisors Group LLC acquired a new position in RTX during the second quarter worth about $3,919,000. Contravisory Investment Management Inc. raised its position in RTX by 1,523.7% in the second quarter. Contravisory Investment Management Inc. now owns 66,084 shares of the company’s stock worth $9,650,000 after acquiring an additional 62,014 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in RTX by 3.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 746,430 shares of the company’s stock valued at $108,792,000 after acquiring an additional 26,794 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Sanford C. Bernstein increased their price objective on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. UBS Group raised their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Stock Performance

Shares of RTX stock opened at $158.21 on Friday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $211.77 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.92 and a beta of 0.67. The stock’s fifty day simple moving average is $155.64 and its 200-day simple moving average is $141.33.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the business earned $1.41 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX’s payout ratio is presently 59.78%.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

RTX Company 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.