Philadelphia Trust Co. cut its position in RTX Corporation (NYSE:RTX – Free Report) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,831 shares of the company’s stock after selling 16,320 shares during the quarter. RTX makes up 2.4% of Philadelphia Trust Co.’s investment portfolio, making the stock its 12th biggest holding. Philadelphia Trust Co.’s holdings in RTX were worth $36,170,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in RTX in the second quarter valued at approximately $20,970,571,000. State Street Corp boosted its holdings in shares of RTX by 3.1% in the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after acquiring an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock worth $1,649,501,000 after acquiring an additional 411,356 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of RTX by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock worth $1,475,296,000 after acquiring an additional 95,726 shares during the last quarter. Finally, Amundi grew its position in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after acquiring an additional 295,964 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Stock Up 2.1%
RTX stock opened at $200.39 on Wednesday. The stock has a 50 day moving average of $193.00 and a two-hundred day moving average of $195.54. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88. The stock has a market capitalization of $270.41 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.17 and a beta of 0.30. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that RTX Corporation will post 7.73 earnings per share for the current year.
RTX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio (DPR) is 47.40%.
Wall Street Analyst Weigh In
Several research firms recently commented on RTX. Wells Fargo & Company upped their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Susquehanna increased their price target on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Finally, Barclays upped their target price on shares of RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.24.
Read Our Latest Stock Analysis on RTX
Insiders Place Their Bets
In other news, EVP Dantaya M. Williams sold 9,071 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: An outlook piece points to potential margin expansion and cash-flow growth in 2027, suggesting improving profitability could support RTX’s financial performance. RTX sees margin expansion, cash flow growth in 2027
- Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances the program, although it is not itself confirmation of a production award. Raytheon advances Joint Reduced Range Rocket with third successful flight test
- Positive Sentiment: RTX’s Raytheon reportedly plans to increase Tomahawk and AMRAAM missile production substantially by 2030, signaling potential long-term demand and growth opportunities. Tomahawk, AMRAAM missiles could see fourfold production surge by 2030 under RTX plan
- Positive Sentiment: Zacks added RTX to its Rank #1 (Strong Buy) lists, a favorable analyst-screening signal, though such rankings do not guarantee future returns. New Strong Buy Stocks for November 10th
- Neutral Sentiment: A valuation article asks whether RTX’s share price is supported by expected cash generation after substantial three-year gains, highlighting valuation as a consideration alongside recent defense wins. Is RTX Still Near Fair Value After New Defense Wins?
RTX Company Profile
RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.
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