ProShare Advisors LLC Acquires 27,450 Shares of RTX Corporation $RTX

ProShare Advisors LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 13.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 229,573 shares of the company’s stock after acquiring an additional 27,450 shares during the period. ProShare Advisors LLC’s holdings in RTX were worth $33,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PFS Partners LLC raised its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of RTX in the second quarter worth approximately $29,000. Access Investment Management LLC bought a new stake in shares of RTX in the second quarter worth about $31,000. Summit Securities Group LLC purchased a new stake in RTX in the first quarter worth $40,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the first quarter valued at about $44,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the 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 sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.15% of the company’s stock.

RTX Stock Up 0.1%

NYSE RTX opened at $179.15 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The business has a fifty day moving average price of $165.82 and a 200 day moving average price of $152.37. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The company has a market cap of $240.20 billion, a P/E ratio of 36.79, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday, October 8th. Barclays raised their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

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.