RTX Corporation $RTX Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC lowered its holdings in RTX Corporation (NYSE:RTX) by 5.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,429 shares of the company’s stock after selling 12,701 shares during the period. RWA Wealth Partners LLC’s holdings in RTX were worth $30,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of RTX. Titan Global Capital Management USA LLC increased its stake in shares of RTX by 6.6% in the second quarter. Titan Global Capital Management USA LLC now owns 43,235 shares of the company’s stock worth $6,313,000 after buying an additional 2,695 shares during the last quarter. Disciplined Investors L.L.C. grew its holdings in RTX by 5.0% during the 2nd quarter. Disciplined Investors L.L.C. now owns 2,125 shares of the company’s stock worth $310,000 after acquiring an additional 102 shares in the last quarter. AE Wealth Management LLC increased its position in shares of RTX by 11.0% in the 2nd quarter. AE Wealth Management LLC now owns 111,997 shares of the company’s stock worth $16,354,000 after purchasing an additional 11,140 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of RTX in the 2nd quarter valued at about $836,000. Finally, Summit Wealth & Retirement Planning Inc. bought a new position in shares of RTX during the second quarter worth about $541,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 38,471 shares of company stock valued at $6,210,875. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. 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. Robert W. Baird set a $203.00 price objective on shares of RTX in a report on Wednesday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Trading Up 1.1%

Shares of NYSE:RTX opened at $177.01 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $164.99 and its 200 day moving average price is $151.11. The company has a market cap of $237.33 billion, a PE ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The company 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%. RTX’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is presently 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.