1,498 Shares in RTX Corporation $RTX Bought by Global View Capital Management LLC

Global View Capital Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,498 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in RTX. Binnacle Investments Inc raised its holdings in shares of RTX by 3.9% in the 2nd quarter. Binnacle Investments Inc now owns 2,344 shares of the company’s stock valued at $342,000 after purchasing an additional 88 shares during the period. Fairfield Bush & CO. grew its holdings in RTX by 14.8% during the second quarter. Fairfield Bush & CO. now owns 2,329 shares of the company’s stock worth $340,000 after purchasing an additional 300 shares during the period. Equitable Holdings Inc. increased its position in RTX by 84.9% during the second quarter. Equitable Holdings Inc. now owns 76,977 shares of the company’s stock worth $11,240,000 after buying an additional 35,350 shares during the last quarter. Florida Financial Advisors LLC raised its stake in RTX by 20.1% in the second quarter. Florida Financial Advisors LLC now owns 5,791 shares of the company’s stock valued at $846,000 after buying an additional 970 shares during the period. Finally, DCM Advisors LLC lifted its position in shares of RTX by 5.9% in the second quarter. DCM Advisors LLC now owns 37,275 shares of the company’s stock valued at $5,443,000 after buying an additional 2,087 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. 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 the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

RTX Trading Down 0.5%

Shares of RTX stock opened at $174.73 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a 50-day moving average of $167.78 and a 200-day moving average of $154.08. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The stock has a market cap of $234.28 billion, a PE ratio of 35.88, a PEG ratio of 2.79 and a beta of 0.64.

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

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RTX. The Goldman Sachs Group boosted their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. UBS Group upped their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Bank of America upped their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $180.44.

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.