Bahl & Gaynor Inc. Raises Stock Holdings in RTX Corporation $RTX

Bahl & Gaynor Inc. boosted its stake in RTX Corporation (NYSE:RTX) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 868,966 shares of the company’s stock after purchasing an additional 86,415 shares during the quarter. Bahl & Gaynor Inc. owned about 0.06% of RTX worth $126,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. PFS Partners LLC lifted its holdings in shares of 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 purchased a new stake in RTX during the second quarter valued at about $29,000. Access Investment Management LLC bought a new stake in RTX during the second quarter worth about $31,000. BOK Financial Private Wealth Inc. boosted its holdings in shares of RTX by 45.3% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of RTX during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 1.8%

NYSE:RTX opened at $169.62 on Friday. The firm has a market capitalization of $227.42 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $168.73 and a 200 day moving average of $154.64. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

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

RTX Dividend Announcement

The firm 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 dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s dividend payout ratio is presently 55.85%.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was 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 $10,729,013.40. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. 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. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, BNP Paribas raised shares of RTX to a “strong-buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.44.

About RTX

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.