RTX Corporation $RTX Stock Position Decreased by Bailard Inc.

Bailard Inc. decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,717 shares of the company’s stock after selling 346 shares during the quarter. Bailard Inc.’s holdings in RTX were worth $981,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RTX. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX in the second quarter worth $29,000. Access Investment Management LLC bought a new stake in RTX in the second quarter valued at $31,000. BOK Financial Private Wealth Inc. boosted its holdings 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 acquiring an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter valued at $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 2.1%

RTX opened at $173.98 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The company has a market capitalization of $233.26 billion, a PE ratio of 35.72, a P/E/G ratio of 2.79 and a beta of 0.64. The stock’s fifty day moving average is $166.53 and its 200-day moving average is $152.70. RTX Corporation has a one year low of $112.27 and a one year high of $181.31.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $21.26 billion. During the same period in the previous year, the company earned $1.45 earnings per share. RTX’s revenue 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, equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is currently 55.85%.

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’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 in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’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 disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Susquehanna upped their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday, October 22nd. Bank of America boosted their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average 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.