RTX Corporation $RTX Shares Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC raised its holdings in shares of RTX Corporation (NYSE:RTX) by 51.5% during the 2nd quarter, Holdings Channel reports. The fund owned 14,372 shares of the company’s stock after purchasing an additional 4,883 shares during the period. Journey Strategic Wealth LLC’s holdings in RTX were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Brookwood Investment Group LLC bought a new stake in RTX during the first quarter worth approximately $1,288,000. MGO One Seven LLC increased its position in shares of RTX by 10.2% during the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after purchasing an additional 2,554 shares during the period. Redwood Financial Network Corp acquired a new stake in shares of RTX in the first quarter valued at $243,000. Zuckerman Investment Group LLC boosted its stake in RTX by 54.1% during the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after buying an additional 2,033 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in RTX during the first quarter worth about $581,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research note on Tuesday. Susquehanna lifted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Barclays raised their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.44.

Insider Activity at RTX

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

RTX Trading Down 0.5%

Shares of NYSE RTX opened at $172.88 on Friday. 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 stock has a market cap of $231.79 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 2.79 and a beta of 0.64. The business has a 50 day simple moving average of $168.46 and a 200 day simple moving average of $154.35. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The firm 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%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 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.