PKS Advisory Services LLC Boosts Stock Position in RTX Corporation $RTX

PKS Advisory Services LLC raised its position in RTX Corporation (NYSE:RTX) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,251 shares of the company’s stock after purchasing an additional 319 shares during the period. PKS Advisory Services LLC’s holdings in RTX were worth $913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in RTX during the first quarter worth approximately $916,739,000. Vanguard Group Inc. raised its holdings in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after acquiring an additional 2,238,247 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after purchasing an additional 1,394,918 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of RTX by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted 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 worth $160,588,000 after purchasing an additional 1,117,506 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $173.85 on Thursday. The company’s 50 day simple moving average is $168.16 and its 200 day simple moving average is $154.22. 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 $233.09 billion, a PE ratio of 35.70, a P/E/G ratio of 2.79 and a beta of 0.64. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business 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 dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Barclays upped their target price 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 raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday, October 22nd. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Finally, Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Three 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 stock. According to MarketBeat, RTX presently 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.