CFM Wealth Partners LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,445 shares of the company’s stock, valued at approximately $825,000.
Other hedge funds also recently made changes to their positions in the company. Bingham Private Wealth LLC lifted its position in RTX by 3.7% during the 3rd quarter. Bingham Private Wealth LLC now owns 4,330 shares of the company’s stock valued at $804,000 after acquiring an additional 155 shares during the period. Smith Partners Wealth Management LLC grew its holdings in RTX by 8.6% in the third quarter. Smith Partners Wealth Management LLC now owns 2,638 shares of the company’s stock worth $490,000 after purchasing an additional 208 shares during the period. Maryland State Retirement & Pension System grew its holdings in RTX by 13.6% in the third quarter. Maryland State Retirement & Pension System now owns 82,678 shares of the company’s stock worth $15,349,000 after purchasing an additional 9,899 shares during the period. Ritholtz Wealth Management increased its stake in shares of RTX by 3.3% during the third quarter. Ritholtz Wealth Management now owns 49,309 shares of the company’s stock valued at $9,154,000 after purchasing an additional 1,557 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp increased its stake in shares of RTX by 6.7% during the third quarter. UNIVEST FINANCIAL Corp now owns 7,040 shares of the company’s stock valued at $1,307,000 after purchasing an additional 444 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.
RTX Stock Performance
Shares of RTX opened at $201.37 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The firm has a market capitalization of $271.74 billion, a P/E ratio of 32.69, a PEG ratio of 2.22 and a beta of 0.30. The business has a fifty day moving average of $192.93 and a 200 day moving average of $195.57.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. As a group, sell-side analysts anticipate that RTX Corporation will post 7.73 EPS for the current year.
RTX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is presently 47.40%.
Insider Activity
In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% 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, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have recently issued reports on RTX. Royal Bank Of Canada lowered their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Weiss Ratings downgraded RTX from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday. Rothschild & Co Redburn upped their price target on RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Deutsche Bank lowered RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research report on Tuesday, October 13th. Finally, BNP Paribas Exane lifted their price objective on RTX from $220.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $231.24.
Read Our Latest Analysis on RTX
More RTX News
These are some of the RTX news items that stood out recently:
- Positive Sentiment: Analyst upgrade: Zacks Research raised RTX from “hold” to “strong buy.” Separate commentary points to rising earnings estimates and growth prospects in defense technology and aerospace services. Zacks analysis
- Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
- Positive Sentiment: Defense demand: RTX’s Raytheon completed a third flight test of a U.S. Army training rocket. Separately, an RTX plan could raise Tomahawk and AMRAAM missile production substantially by 2030, pointing to potential program growth. Rocket flight test report Missile production report
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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