RTX Corporation $RTX Position Increased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of RTX Corporation (NYSE:RTX) by 28,295.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,926 shares of the company’s stock after purchasing an additional 11,884 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in RTX were worth $1,741,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. NorthStar Asset Management LLC NJ bought a new position in shares of RTX during the second quarter worth about $208,000. Dynamic Technology Lab Private Ltd acquired a new position in RTX during the 2nd quarter valued at about $1,354,000. NFP Retirement Inc. grew its position in RTX by 20.7% in the 2nd quarter. NFP Retirement Inc. now owns 3,031 shares of the company’s stock worth $443,000 after purchasing an additional 519 shares during the last quarter. PKS Advisory Services LLC increased its stake in shares of RTX by 5.4% in the second quarter. PKS Advisory Services LLC now owns 6,251 shares of the company’s stock valued at $913,000 after purchasing an additional 319 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of RTX by 0.7% during the second quarter. Ensign Peak Advisors Inc now owns 679,927 shares of the company’s stock valued at $99,283,000 after buying an additional 4,684 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RTX. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein lifted their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. The Goldman Sachs Group upped their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Robert W. Baird set a $203.00 target price on shares of RTX in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.44.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX 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 SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX opened at $169.62 on Friday. 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 firm has a market cap of $227.42 billion, a PE ratio of 34.83, a P/E/G ratio of 2.79 and a beta of 0.64. The business has a fifty day simple moving average of $168.73 and a 200-day simple moving average of $154.82. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last announced its 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company 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 firm earned $1.45 earnings per share. RTX’s revenue for the quarter 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, equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company 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. 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 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.