Rydar Equities Inc. Purchases Shares of 14,069 RTX Corporation $RTX

Rydar Equities Inc. acquired a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,069 shares of the company’s stock, valued at approximately $2,054,000. RTX comprises approximately 1.6% of Rydar Equities Inc.’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of RTX in the 2nd quarter worth approximately $2,359,602,000. Laurel Wealth Advisors LLC boosted its position in RTX by 14,974.7% during the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after acquiring an additional 3,575,069 shares during the last quarter. Vanguard Group Inc. grew its holdings in RTX by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after acquiring an additional 2,238,247 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after acquiring an additional 1,361,071 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after purchasing an additional 1,117,506 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX opened at $178.59 on Monday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a market cap of $239.45 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.83 and a beta of 0.44. The company’s fifty day moving average price is $171.92 and its two-hundred day moving average price is $159.18. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Analyst Ratings Changes

Several equities research analysts recently commented on RTX shares. BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, UBS Group lifted their price target on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $182.71.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s 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 completion of the sale, the executive vice president 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.

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.