Rathbones Group PLC Buys 26,434 Shares of RTX Corporation $RTX

Rathbones Group PLC boosted its stake in RTX Corporation (NYSE:RTX) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,105 shares of the company’s stock after buying an additional 26,434 shares during the quarter. Rathbones Group PLC owned approximately 0.08% of RTX worth $154,212,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RTX. Nuveen LLC bought a new stake in shares of RTX in the 1st quarter worth about $916,739,000. Goldman Sachs Group Inc. lifted its holdings in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. boosted its position in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. grew its stake in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after buying an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in RTX during the first quarter worth about $130,194,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 1.1%

NYSE RTX opened at $177.01 on Friday. The stock has a fifty day moving average of $164.99 and a 200-day moving average of $151.37. The stock has a market capitalization of $237.33 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. 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 issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Insider Transactions at RTX

In related 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 shares were 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 directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,471 shares of company stock worth $6,210,875 in the last quarter. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RTX shares. Susquehanna lifted their target price on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. UBS Group raised their price target on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group lifted their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.47.

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.