RTX Corporation $RTX Stock Position Raised by Alteri Wealth LLC

Alteri Wealth LLC lifted its position in RTX Corporation (NYSE:RTX) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,209 shares of the company’s stock after buying an additional 302 shares during the quarter. RTX comprises 0.7% of Alteri Wealth LLC’s investment portfolio, making the stock its 22nd largest holding. Alteri Wealth LLC’s holdings in RTX were worth $1,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Advisory LLC increased its stake in shares of RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc lifted its stake in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Hudock Inc. boosted its holdings in RTX by 1.3% in the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock worth $781,000 after purchasing an additional 68 shares in the last quarter. Gries Financial LLC increased its position in RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares during the last quarter. Finally, M3 Advisory Group LLC increased its position in RTX by 2.7% during the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction 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 approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RTX shares. Sanford C. Bernstein boosted their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Bank of America increased their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.44.

RTX Stock Performance

Shares of NYSE RTX opened at $174.73 on Wednesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The company has a market cap of $234.28 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.79 and a beta of 0.64. The business’s 50 day moving average is $167.78 and its two-hundred day moving average is $154.08. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the company posted $1.45 earnings per share. RTX’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) 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.