Compass Capital Management Inc. Acquires Shares of 110,062 RTX Corporation $RTX

Compass Capital Management Inc. acquired a new stake in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 110,062 shares of the company’s stock, valued at approximately $16,071,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC lifted its stake in RTX by 5.7% in the 2nd quarter. Fidelis Capital Partners LLC now owns 13,465 shares of the company’s stock worth $2,097,000 after purchasing an additional 727 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of RTX by 13.6% in the second quarter. ProShare Advisors LLC now owns 229,573 shares of the company’s stock worth $33,522,000 after purchasing an additional 27,450 shares during the last quarter. Profund Advisors LLC lifted its position in shares of RTX by 23.0% in the second quarter. Profund Advisors LLC now owns 17,193 shares of the company’s stock worth $2,511,000 after buying an additional 3,215 shares in the last quarter. King Luther Capital Management Corp boosted its stake in RTX by 0.3% during the second quarter. King Luther Capital Management Corp now owns 116,438 shares of the company’s stock valued at $17,002,000 after buying an additional 402 shares during the last quarter. Finally, PFG Advisors grew its holdings in RTX by 45.8% during the 2nd quarter. PFG Advisors now owns 31,006 shares of the company’s stock valued at $4,528,000 after buying an additional 9,739 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 38,471 shares of company stock worth $6,210,875. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Sanford C. Bernstein boosted their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Stock Up 1.1%

Shares of NYSE:RTX opened at $177.01 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $164.99 and its 200 day moving average is $151.59. The stock has a market cap 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.

RTX (NYSE:RTX) last issued its 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 business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts predict 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. Shareholders of record on Friday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend 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.