NorthStar Asset Management LLC NJ Purchases New Shares in RTX Corporation $RTX

NorthStar Asset Management LLC NJ bought a new stake in RTX Corporation (NYSE:RTX) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,427 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. PFS Partners LLC lifted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of RTX during the second quarter valued at approximately $29,000. Access Investment Management LLC purchased a new position in shares of RTX in the second quarter valued at approximately $31,000. BOK Financial Private Wealth Inc. boosted its stake in shares of RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of RTX during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.5%

Shares of NYSE RTX opened at $173.85 on Thursday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The business’s 50 day moving average is $168.16 and its two-hundred day moving average is $154.22. The firm has a market cap of $233.09 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.79 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.07 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed 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 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Analyst Upgrades and Downgrades

A number of analysts have commented on RTX shares. Sanford C. Bernstein increased their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Susquehanna upped their target price on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.44.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the 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 sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction 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 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. Company insiders own 0.15% of the company’s stock.

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.