RTX Corporation $RTX Stake Decreased by Grandfield & Dodd LLC

Grandfield & Dodd LLC cut its stake in RTX Corporation (NYSE:RTX) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 357,970 shares of the company’s stock after selling 4,503 shares during the period. RTX makes up 3.1% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 7th largest position. Grandfield & Dodd LLC’s holdings in RTX were worth $52,271,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFS Partners LLC grew its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in RTX in the second quarter valued at $29,000. Access Investment Management LLC purchased a new stake in RTX during the second quarter valued at about $31,000. BOK Financial Private Wealth Inc. grew its position in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in RTX during the first quarter worth about $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Susquehanna lifted their target price on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein increased their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Trading Down 2.1%

Shares of RTX opened at $173.98 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The stock has a 50-day moving average price of $166.53 and a 200 day moving average price of $152.70. 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 company has a market capitalization of $233.26 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.67% and a return on equity of 13.28%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced 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 is Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.15% of the company’s stock.

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.