RTX Corporation $RTX Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 43.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,795 shares of the company’s stock after selling 15,282 shares during the quarter. Machina Capital S.A.S.’s holdings in RTX were worth $3,675,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RTX. BlackRock Inc. purchased a new position in shares of RTX in the second quarter valued at $20,970,571,000. State Street Corp boosted its position in shares of RTX by 3.1% in the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after buying an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of RTX by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock worth $1,649,501,000 after buying an additional 411,356 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RTX by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock worth $1,475,296,000 after buying an additional 95,726 shares in the last quarter. Finally, Amundi grew its stake in RTX by 4.0% in the 2nd quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after acquiring an additional 295,964 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $201.37 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The business has a fifty day moving average of $192.93 and a 200-day moving average of $195.57. The stock has a market cap of $271.74 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. As a group, analysts predict that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s payout ratio is presently 47.40%.

Analyst Ratings Changes

Several research firms have weighed in on RTX. UBS Group raised their target price on shares of RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Rothschild & Co Redburn upped their price target on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Barclays increased their price target on shares of RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Deutsche Bank cut shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $231.24.

Trending Headlines about RTX

Here are a few of the latest headlines about RTX:

• Positive Sentiment: Analyst upgrade: Zacks Research raised RTX from “hold” to “strong buy.” Separate commentary points to rising earnings estimates and growth prospects in defense technology and aerospace services. Zacks analysis
• Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

RTX Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.