Empirical Finance LLC Boosts Position in RTX Corporation $RTX

Empirical Finance LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,960 shares of the company’s stock after acquiring an additional 305 shares during the quarter. Empirical Finance LLC’s holdings in RTX were worth $7,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of RTX by 11,673.1% during the 1st quarter. GW&K Investment Management LLC now owns 223,335 shares of the company’s stock worth $29,583,000 after acquiring an additional 221,438 shares during the period. Crestwood Advisors Group LLC raised its position in shares of RTX by 6.0% in the 1st quarter. Crestwood Advisors Group LLC now owns 25,985 shares of the company’s stock worth $3,442,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of RTX by 10.2% in the 1st quarter. Ignite Planners LLC now owns 2,448 shares of the company’s stock worth $312,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $174.73 on Wednesday. The stock has a market cap of $234.28 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.79 and a beta of 0.64. The firm’s 50-day moving average is $167.78 and its 200 day moving average is $154.08. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. 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 (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm 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 EPS for the current fiscal year.

RTX Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is 55.85%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. BNP Paribas Exane initiated coverage on shares of RTX in a research report on Tuesday. They issued an “outperform” rating and a $210.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein boosted their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Finally, 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 research note on Wednesday, July 23rd. Two 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.44.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents 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 the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was 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. Company insiders own 0.15% of the company’s stock.

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.