RTX Corporation $RTX Stock Holdings Lifted by IFG Advisory LLC

IFG Advisory LLC lifted its position in RTX Corporation (NYSE:RTX) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,553 shares of the company’s stock after buying an additional 406 shares during the quarter. IFG Advisory LLC’s holdings in RTX were worth $4,753,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RTX. PFS Partners LLC boosted its holdings in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in shares of RTX during the first quarter worth approximately $40,000. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of RTX during the second quarter worth approximately $47,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the first quarter worth approximately $44,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Sanford C. Bernstein lifted their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Bank of America lifted their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, The Goldman Sachs Group lifted their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 51,318 shares of company stock valued at $8,238,388. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE RTX 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. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company’s 50-day simple moving average is $162.87 and its 200 day simple moving average is $149.12.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the company posted $1.45 EPS. 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. As a group, 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. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) 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.