RTX Corporation $RTX Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lifted its position in RTX Corporation (NYSE:RTX) by 14,974.7% in the second quarter, HoldingsChannel reports. The firm owned 3,598,943 shares of the company’s stock after buying an additional 3,575,069 shares during the period. Laurel Wealth Advisors LLC’s holdings in RTX were worth $525,518,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PFS Partners LLC lifted its stake in shares of 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 purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX in the 2nd quarter valued at approximately $29,000. Access Investment Management LLC purchased a new stake in RTX in the second quarter valued at approximately $31,000. BOK Financial Private Wealth Inc. lifted its stake in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of RTX during the first quarter worth $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $173.14 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. 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 firm has a market cap of $232.15 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.79 and a beta of 0.64. The stock’s 50-day moving average is $169.03 and its two-hundred day moving average is $155.32.

RTX (NYSE:RTX) last announced 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. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Sanford C. Bernstein boosted their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Susquehanna raised their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. BNP Paribas raised RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group lifted their target price on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued 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 an average target price of $180.44.

Insider Activity at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, 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 is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.15% of the company’s stock.

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.