RTX Corporation $RTX Shares Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 21.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,843 shares of the company’s stock after purchasing an additional 6,430 shares during the quarter. Burling Wealth Partners LLC’s holdings in RTX were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFS Partners LLC boosted 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 acquiring an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in RTX in the second quarter worth about $29,000. Access Investment Management LLC bought a new position in RTX in the 2nd quarter valued at about $31,000. BOK Financial Private Wealth Inc. increased its stake in RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after buying an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of RTX during the 1st quarter worth about $40,000. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $173.98 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The stock’s 50-day moving average price is $166.53 and its two-hundred day moving average price is $152.70. The company has a market cap of $233.26 billion, a PE ratio of 35.72, a PEG ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, 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. Stockholders of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RTX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. The Goldman Sachs Group lifted their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Barclays upped their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. UBS Group lifted their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Two 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.