CreativeOne Wealth LLC Buys 1,647 Shares of RTX Corporation $RTX

CreativeOne Wealth LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,139 shares of the company’s stock after buying an additional 1,647 shares during the quarter. CreativeOne Wealth LLC’s holdings in RTX were worth $3,671,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RTX. PFS Partners LLC grew its position in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter valued at about $29,000. Access Investment Management LLC bought a new stake in shares of RTX during the second quarter worth about $31,000. BOK Financial Private Wealth Inc. increased 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 valued at $37,000 after buying an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new position in RTX in the 1st quarter valued at approximately $40,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company’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. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Susquehanna upped 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. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. 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. Finally, Sanford C. Bernstein raised their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $180.44.

RTX Stock Performance

Shares of RTX stock opened at $173.14 on Tuesday. The business has a 50-day moving average price of $169.03 and a two-hundred day moving average price of $155.32. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market cap of $232.15 billion, a P/E ratio of 35.55, a PEG ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last announced its 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 return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts anticipate 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 given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. 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.