Holocene Advisors LP Increases Stock Holdings in RTX Corporation $RTX

Holocene Advisors LP increased its stake in RTX Corporation (NYSE:RTX) by 181.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 865,225 shares of the company’s stock after acquiring an additional 557,555 shares during the quarter. Holocene Advisors LP owned approximately 0.06% of RTX worth $126,340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. ICONIQ Capital LLC increased its stake in shares of RTX by 10.6% during the second quarter. ICONIQ Capital LLC now owns 8,922 shares of the company’s stock worth $1,303,000 after purchasing an additional 852 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in RTX by 2.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,699 shares of the company’s stock worth $2,439,000 after buying an additional 407 shares in the last quarter. Garden State Investment Advisory Services LLC raised its holdings in shares of RTX by 51.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 2,284 shares of the company’s stock valued at $334,000 after acquiring an additional 775 shares during the last quarter. Elevatus Welath Management purchased a new position in shares of RTX in the second quarter valued at approximately $406,000. Finally, EP Wealth Advisors LLC boosted its stake in shares of RTX by 4.3% in the second quarter. EP Wealth Advisors LLC now owns 614,197 shares of the company’s stock worth $89,685,000 after acquiring an additional 25,190 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $178.59 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $171.92 and a 200 day moving average price of $158.83. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The stock has a market cap of $239.45 billion, a P/E ratio of 36.67, a PEG ratio of 2.77 and a beta of 0.44.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The company 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 was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Finally, Susquehanna raised 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 given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.71.

Insider Buying and Selling

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 sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

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.