Rothschild Investment LLC Acquires 323 Shares of RTX Corporation $RTX

Rothschild Investment LLC increased its holdings in RTX Corporation (NYSE:RTX) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,029 shares of the company’s stock after purchasing an additional 323 shares during the period. Rothschild Investment LLC’s holdings in RTX were worth $4,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Brookwood Investment Group LLC acquired a new position in RTX in the first quarter valued at $1,288,000. Redwood Financial Network Corp bought a new position in shares of RTX in the 1st quarter worth about $243,000. Zuckerman Investment Group LLC raised its position in shares of RTX by 54.1% in the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after acquiring an additional 2,033 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of RTX by 10.2% in the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after purchasing an additional 2,554 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of RTX during the 1st quarter valued at about $581,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Up 0.8%

RTX opened at $175.42 on Monday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The firm has a market capitalization of $235.20 billion, a PE ratio of 36.02, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company’s 50-day moving average is $166.89 and its 200 day moving average is $153.43.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is 55.85%.

Analysts Set New Price Targets

Several equities analysts have issued reports on RTX shares. UBS Group boosted their price target on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

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.