RTX Corporation $RTX Holdings Boosted by Associated Banc Corp

Associated Banc Corp raised its position in shares of RTX Corporation (NYSE:RTX) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 348,360 shares of the company’s stock after purchasing an additional 3,565 shares during the quarter. RTX accounts for 1.4% of Associated Banc Corp’s investment portfolio, making the stock its 16th biggest holding. Associated Banc Corp’s holdings in RTX were worth $50,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. PFS Partners LLC boosted its position in 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 period. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX in the second quarter worth approximately $29,000. Access Investment Management LLC acquired a new stake in shares of RTX during the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. grew its position in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in RTX during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.0%

RTX stock opened at $173.14 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The firm has a fifty day moving average price of $169.03 and a two-hundred day moving average price of $155.32. The firm has a market cap of $232.15 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 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 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 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday, October 22nd. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. BNP Paribas Exane began coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. Susquehanna upped their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $180.44.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s 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 transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’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 value of $4,149,426.72. The disclosure for this sale is available in the SEC filing. Company insiders own 0.15% of the company’s stock.

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.