Everett Harris & Co. CA Has $17.40 Million Stake in RTX Corporation $RTX

Everett Harris & Co. CA grew its holdings in RTX Corporation (NYSE:RTX) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 119,181 shares of the company’s stock after acquiring an additional 356 shares during the period. Everett Harris & Co. CA’s holdings in RTX were worth $17,403,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RTX. PFS Partners LLC lifted its position in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of RTX in the second quarter worth about $29,000. Access Investment Management LLC acquired a new position in shares of RTX during the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. grew its stake in shares of RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.1%

NYSE RTX opened at $179.15 on Wednesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The stock has a 50-day simple moving average of $165.82 and a 200 day simple moving average of $152.37. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $240.20 billion, a PE ratio of 36.79, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during 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 company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 payout ratio is currently 55.85%.

Wall Street Analyst Weigh In

RTX has been the topic of several research reports. Susquehanna upped their price objective on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by corporate insiders.

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.