Legal & General Group Plc Purchases 286,470 Shares of RTX Corporation $RTX

Legal & General Group Plc raised its position in shares of RTX Corporation (NYSE:RTX) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,320,845 shares of the company’s stock after purchasing an additional 286,470 shares during the period. Legal & General Group Plc’s holdings in RTX were worth $922,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. PFS Partners LLC lifted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in RTX during the second quarter worth about $29,000. Access Investment Management LLC bought a new position in shares of RTX in the second quarter worth about $31,000. BOK Financial Private Wealth Inc. grew its holdings in shares of RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in RTX during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.5%

NYSE RTX opened at $172.88 on Friday. The business’s 50-day moving average price is $168.46 and its two-hundred day moving average price is $154.35. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The firm has a market capitalization of $231.79 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $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 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is currently 55.85%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Susquehanna upped their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $215.00 price target on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. BNP Paribas upgraded RTX to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird set a $203.00 price objective on RTX in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.44.

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.