Cambiar Investors LLC Increases Stock Position in RTX Corporation $RTX

Cambiar Investors LLC raised its position in shares of RTX Corporation (NYSE:RTX) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,887 shares of the company’s stock after buying an additional 45,628 shares during the period. RTX comprises about 1.7% of Cambiar Investors LLC’s investment portfolio, making the stock its 26th biggest holding. Cambiar Investors LLC’s holdings in RTX were worth $39,409,000 at the end of the most recent reporting period.

Other institutional investors 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 valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX in the 1st quarter worth $40,000. Briaud Financial Planning Inc raised its holdings in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in RTX in the 2nd quarter worth $47,000. Finally, McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter worth $44,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 51,318 shares of company stock worth $8,238,388. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a report on Friday. Finally, Susquehanna upped their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Trading Up 0.7%

Shares of NYSE RTX opened at $178.70 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The stock has a market cap of $239.60 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The firm has a 50-day moving average of $163.32 and a 200 day moving average of $149.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during 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%. RTX’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

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.