Voya Investment Management LLC Grows Stock Holdings in RTX Corporation $RTX

Voya Investment Management LLC grew its position in RTX Corporation (NYSE:RTX) by 12.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,490,941 shares of the company’s stock after acquiring an additional 170,867 shares during the quarter. Voya Investment Management LLC’s holdings in RTX were worth $249,479,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. Erste Asset Management GmbH grew its stake in RTX by 11.8% during the 1st quarter. Erste Asset Management GmbH now owns 945 shares of the company’s stock worth $125,000 after buying an additional 100 shares during the last quarter. Level Four Advisory Services LLC increased its position in RTX by 1.0% during the 1st quarter. Level Four Advisory Services LLC now owns 27,654 shares of the company’s stock valued at $3,663,000 after buying an additional 274 shares in the last quarter. Finally, GM Advisory Group LLC raised its stake in RTX by 20.0% in the first quarter. GM Advisory Group LLC now owns 4,485 shares of the company’s stock valued at $594,000 after buying an additional 748 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RTX shares. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $182.71.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Up 0.6%

NYSE RTX opened at $178.30 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $182.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company has a market capitalization of $239.06 billion, a PE ratio of 36.61, a P/E/G ratio of 2.80 and a beta of 0.44. The company has a fifty day moving average of $172.88 and a 200 day moving average of $160.07.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for 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 firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

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.