Dorsey Wright & Associates Acquires Shares of 1,996 RTX Corporation $RTX

Dorsey Wright & Associates bought a new position in shares of RTX Corporation (NYSE:RTX) during the second quarter, Holdings Channel.com reports. The firm bought 1,996 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds also recently made changes to their positions in the company. Cornerstone Advisory LLC raised its holdings in RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares in the last quarter. Briaud Financial Planning Inc grew its position in shares of 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 buying an additional 65 shares during the period. Hudock Inc. increased its stake 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 acquiring an additional 68 shares in the last quarter. Gries Financial LLC lifted its position in 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 acquiring an additional 69 shares during the period. Finally, M3 Advisory Group LLC boosted its stake in RTX by 2.7% during the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $173.85 on Thursday. The business has a 50-day simple moving average of $168.16 and a two-hundred day simple moving average of $154.22. 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 market cap of $233.09 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last announced 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 firm had revenue of $22.48 billion during 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%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. 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 dividend payout ratio is presently 55.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane assumed coverage on RTX in a research note on Tuesday. They issued an “outperform” rating and a $210.00 price target on the stock. Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, BNP Paribas raised shares of RTX to a “strong-buy” rating in a research report on Tuesday. 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, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $180.44.

RTX 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.