Freemont Management S.A. Grows Stock Holdings in RTX Corporation $RTX

Freemont Management S.A. raised its holdings in RTX Corporation (NYSE:RTX) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,700 shares of the company’s stock after acquiring an additional 12,800 shares during the period. Freemont Management S.A.’s holdings in RTX were worth $7,987,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. PFS Partners LLC lifted its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Access Investment Management LLC purchased a new stake in RTX in the 2nd quarter valued at about $31,000. Summit Securities Group LLC acquired a new position in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the 1st quarter worth about $44,000. Finally, Briaud Financial Planning Inc boosted its position in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,471 shares of company stock valued at $6,210,875 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RTX shares. JPMorgan Chase & Co. upped their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America increased their target price on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.47.

RTX Stock Up 1.1%

Shares of NYSE RTX opened at $177.01 on Friday. The stock has a fifty day moving average price of $164.99 and a 200 day moving average price of $151.11. 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 Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The company has a market cap of $237.33 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company 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 business earned $1.45 earnings per share. The company’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. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

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.