Berry Wealth Group LP Has $368,000 Position in RTX Corporation $RTX

Berry Wealth Group LP grew its holdings in RTX Corporation (NYSE:RTX) by 41.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,521 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Berry Wealth Group LP’s holdings in RTX were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in RTX in the second quarter worth $2,359,602,000. Nuveen LLC bought a new stake in shares of RTX in the 1st quarter valued at approximately $916,739,000. Laurel Wealth Advisors LLC raised its holdings in shares of RTX by 14,974.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock worth $525,518,000 after buying an additional 3,575,069 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after purchasing an additional 2,238,247 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after acquiring an additional 1,394,918 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of RTX in a research report on Tuesday. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Finally, UBS Group upped their target price on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

RTX Stock Performance

RTX opened at $174.96 on Friday. The business’s fifty day moving average is $170.24 and its 200-day moving average is $156.18. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a market cap of $234.58 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its quarterly earnings results 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 analyst estimates of $21.26 billion. During the same quarter last year, the business posted $1.45 EPS. 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. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.