Harvest Portfolios Group Inc. Buys 747 Shares of RTX Corporation $RTX

Harvest Portfolios Group Inc. increased its position in RTX Corporation (NYSE:RTX) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,930 shares of the company’s stock after buying an additional 747 shares during the period. Harvest Portfolios Group Inc.’s holdings in RTX were worth $2,034,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brookwood Investment Group LLC acquired a new position in RTX during the 1st quarter valued at about $1,288,000. Arizona State Retirement System raised its stake in shares of RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares during the last quarter. Redwood Financial Network Corp bought a new position in shares of RTX in the first quarter valued at approximately $243,000. Zuckerman Investment Group LLC boosted its position in shares of RTX by 54.1% during the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after buying an additional 2,033 shares during the last quarter. Finally, Fortem Financial Group LLC bought a new stake in RTX during the first quarter worth $241,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,471 shares of company stock worth $6,210,875 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $177.01 on Friday. 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 business has a fifty day simple moving average of $164.99 and a two-hundred day simple moving average of $151.11. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The company has a market capitalization of $237.33 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.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 earned $1.45 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on RTX. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Bank of America increased their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Two investment 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. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

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.