Boston Family Office LLC Buys 2,590 Shares of RTX Corporation $RTX

Boston Family Office LLC raised its stake in shares of RTX Corporation (NYSE:RTX) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,503 shares of the company’s stock after acquiring an additional 2,590 shares during the period. Boston Family Office LLC’s holdings in RTX were worth $2,264,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTX. PFS Partners LLC grew its position in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX during the 2nd quarter worth $29,000. Access Investment Management LLC purchased a new position in shares of RTX in the 2nd quarter worth about $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 buying an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new position in RTX during the first quarter valued at about $40,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $174.96 on Monday. The stock has a market cap of $234.58 billion, a P/E ratio of 35.93, a PEG 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 business’s 50-day moving average price is $170.24 and its two-hundred day moving average price is $156.54. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird set a $203.00 target price on RTX 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 stock a “buy” rating in a research note on Monday, October 27th. Susquehanna boosted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane initiated coverage on shares of RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. Finally, Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $181.00.

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.