Leslie Global Wealth LLC Takes $220,000 Position in RTX Corporation $RTX

Leslie Global Wealth LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the second quarter, Holdings Channel.com reports. The fund purchased 1,506 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Baker Avenue Asset Management LP raised its position in RTX by 11.0% in the first quarter. Baker Avenue Asset Management LP now owns 10,713 shares of the company’s stock worth $1,419,000 after acquiring an additional 1,060 shares during the period. UNIVEST FINANCIAL Corp grew its position in shares of RTX by 7.7% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 4,869 shares of the company’s stock valued at $645,000 after acquiring an additional 348 shares during the period. Finally, IFG Advisory LLC increased its stake in shares of RTX by 3.4% during the 1st quarter. IFG Advisory LLC now owns 32,147 shares of the company’s stock worth $4,258,000 after purchasing an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Bank of America upped their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. BNP Paribas Exane initiated coverage on RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective for the company. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of RTX in a research note on Tuesday. Finally, Susquehanna lifted their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Three research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.00.

RTX Stock Up 1.0%

Shares of NYSE:RTX opened at $174.96 on Friday. The firm has a fifty day moving average price of $170.24 and a two-hundred day moving average price of $156.36. The company has a market cap of $234.58 billion, a price-to-earnings ratio of 35.93, a PEG 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. RTX Corporation has a one year low of $112.27 and a one year high of $181.31.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 is Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction 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. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.