Dynamic Technology Lab Private Ltd Makes New $1.35 Million Investment in RTX Corporation $RTX

Dynamic Technology Lab Private Ltd acquired a new position in RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,271 shares of the company’s stock, valued at approximately $1,354,000.

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

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated 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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred 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. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a research note on Wednesday, October 22nd. Susquehanna lifted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $180.44.

RTX Stock Performance

Shares of RTX opened at $172.88 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market cap of $231.79 billion, a P/E ratio of 35.50, a P/E/G ratio of 2.79 and a beta of 0.64. The business’s 50 day moving average price is $168.46 and its 200-day moving average price is $154.35. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

RTX (NYSE:RTX) last announced its quarterly earnings data 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’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. Equities research analysts anticipate 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. Stockholders of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is currently 55.85%.

About RTX

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.