Nomura Asset Management Co. Ltd. Buys 23,379 Shares of RTX Corporation $RTX

Nomura Asset Management Co. Ltd. boosted its position in shares of RTX Corporation (NYSE:RTX) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,757 shares of the company’s stock after buying an additional 23,379 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in RTX were worth $64,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Advisory LLC grew its holdings in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc boosted its position in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the period. Hudock Inc. grew its stake in shares of RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock valued at $781,000 after buying an additional 68 shares during the last quarter. Gries Financial LLC raised its holdings in shares of RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares during the period. Finally, M3 Advisory Group LLC lifted its stake in shares of RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.0%

NYSE:RTX opened at $175.64 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a 50-day moving average of $167.32 and a 200 day moving average of $153.77. The firm has a market cap of $235.50 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is 55.85%.

Analysts Set New Price Targets

Several brokerages have commented on RTX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein upped their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

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 that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX 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 disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by corporate 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.