Lockheed Martin Investment Management Co. Sells 5,610 Shares of RTX Corporation $RTX

Lockheed Martin Investment Management Co. lessened its stake in RTX Corporation (NYSE:RTX) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,140 shares of the company’s stock after selling 5,610 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in RTX were worth $11,994,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. raised its holdings in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP raised its holdings in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC bought a new stake in RTX during the 1st quarter valued at $916,739,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

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 shares were 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 in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was 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. Insiders have sold a total of 51,318 shares of company stock valued at $8,238,388 over the last ninety days. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RTX has been the topic of a number of analyst reports. 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 report on Wednesday, October 22nd. Bank of America boosted their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Finally, Susquehanna upped their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Trading Up 0.4%

RTX stock opened at $177.15 on Friday. The stock has a market cap of $237.52 billion, a P/E ratio of 36.38, a PEG ratio of 2.79 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The firm’s fifty day moving average price is $162.87 and its 200-day moving average price is $149.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

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 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 firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts forecast 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 given a $0.68 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s payout ratio is 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.