RTX Corporation $RTX Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,316 shares of the company’s stock after acquiring an additional 11,092 shares during the period. Advisors Capital Management LLC’s holdings in RTX were worth $58,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of RTX. L & S Advisors Inc purchased a new stake in RTX in the 2nd quarter valued at approximately $6,343,000. Burling Wealth Partners LLC increased its position in RTX by 21.9% during the second quarter. Burling Wealth Partners LLC now owns 35,843 shares of the company’s stock worth $5,234,000 after buying an additional 6,430 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of RTX by 11.7% in the second quarter. Clearstead Trust LLC now owns 5,143 shares of the company’s stock worth $751,000 after acquiring an additional 539 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in shares of RTX in the second quarter valued at $4,570,000. Finally, Fiera Capital Corp acquired a new stake in shares of RTX during the second quarter valued at $506,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RTX shares. Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Susquehanna upped their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the 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 owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction 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 SEC filing for this sale provides additional information. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

RTX stock opened at $173.98 on Friday. The company has a market cap of $233.26 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 stock has a 50-day moving average price of $166.53 and a two-hundred day moving average price of $152.70. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating 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 business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the previous year, the company posted $1.45 EPS. 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. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s payout ratio is currently 55.85%.

RTX Company 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.