Laffer Tengler Investments Inc. Has $10.16 Million Holdings in RTX Corporation $RTX

Laffer Tengler Investments Inc. decreased its stake in shares of RTX Corporation (NYSE:RTX) by 11.9% during the second quarter, HoldingsChannel.com reports. The fund owned 69,557 shares of the company’s stock after selling 9,409 shares during the period. RTX makes up 1.8% of Laffer Tengler Investments Inc.’s holdings, making the stock its 14th largest position. Laffer Tengler Investments Inc.’s holdings in RTX were worth $10,157,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently weighed in on RTX. Robert W. Baird set a $203.00 price objective on RTX in a research report on Wednesday, October 22nd. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group boosted their target price on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,471 shares of company stock worth $6,210,875 over the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 1.1%

Shares of RTX stock opened at $177.01 on Monday. RTX Corporation has a one year low of $112.27 and a one 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. The stock has a fifty day moving average price of $164.99 and a 200 day moving average price of $151.59. The stock has a market cap of $237.33 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

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

RTX Announces Dividend

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

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.