Richmond Investment Services LLC Buys Shares of 1,516 RTX Corporation $RTX

Richmond Investment Services LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,516 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Advisory LLC increased its stake in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares during the period. Briaud Financial Planning Inc grew its stake in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Hudock Inc. increased its position in shares of RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock worth $781,000 after acquiring an additional 68 shares during the period. Gries Financial LLC raised its stake in shares of RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its holdings in RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on RTX shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein lifted their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price objective on shares of RTX in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.00.

RTX Stock Performance

NYSE RTX opened at $173.23 on Thursday. The company has a fifty day moving average of $169.60 and a two-hundred day moving average of $155.75. The company has a market capitalization of $232.26 billion, a PE ratio of 35.57, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a 1 year low of $112.27 and a 1 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.

RTX (NYSE:RTX) last posted its 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. The business 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 business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts expect that RTX Corporation will post 6.11 earnings per share 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 issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.15% of the company’s stock.

RTX Company 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.