Baird Financial Group Inc. Lowers Holdings in RTX Corporation $RTX

Baird Financial Group Inc. reduced its position in shares of RTX Corporation (NYSE:RTX) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 758,970 shares of the company’s stock after selling 8,705 shares during the quarter. Baird Financial Group Inc. owned about 0.06% of RTX worth $110,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. PFS Partners LLC lifted its stake in RTX by 101.1% in the second 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 bought a new stake in shares of RTX in the 2nd quarter valued at about $29,000. Access Investment Management LLC purchased a new stake in shares of RTX in the 2nd quarter worth approximately $31,000. BOK Financial Private Wealth Inc. boosted its stake in shares of 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. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $168.52 on Thursday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The company has a market cap of $225.95 billion, a PE ratio of 34.60, a P/E/G ratio of 2.63 and a beta of 0.44. 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 business has a 50-day simple moving average of $170.71 and a two-hundred day simple moving average of $157.08.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The firm had revenue of $22.48 billion during 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%. RTX’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed 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 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 payout ratio is 55.85%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RTX shares. BNP Paribas Exane started coverage on RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price for the company. The Goldman Sachs Group boosted their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price 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. Finally, Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Three investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

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.