GAM Holding AG Invests $1.40 Million in RTX Corporation $RTX

GAM Holding AG bought a new position in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,610 shares of the company’s stock, valued at approximately $1,403,000.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of RTX during the 1st quarter worth about $916,739,000. Goldman Sachs Group Inc. raised its holdings in shares of RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after acquiring an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after acquiring an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of RTX during the first quarter valued at approximately $130,194,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.7%

Shares of RTX opened at $178.70 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. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The firm has a 50-day moving average price of $163.32 and a 200 day moving average price of $149.47. The firm has a market capitalization of $239.60 billion, a P/E ratio of 36.69, a P/E/G ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last posted its quarterly 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. 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 prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Sanford C. Bernstein increased their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. The Goldman Sachs Group increased their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 51,318 shares of company stock valued at $8,238,388. 0.15% of the stock is owned by company insiders.

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.