1832 Asset Management L.P. Decreases Holdings in RTX Corporation $RTX

1832 Asset Management L.P. trimmed its stake in RTX Corporation (NYSE:RTX) by 91.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,779 shares of the company’s stock after selling 1,104,574 shares during the quarter. 1832 Asset Management L.P.’s holdings in RTX were worth $15,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RTX. PFS Partners LLC increased its position 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 buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of RTX during the 2nd quarter valued at $29,000. Access Investment Management LLC bought a new position in shares of RTX during the 2nd quarter worth $31,000. BOK Financial Private Wealth Inc. increased its holdings in RTX by 45.3% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in RTX in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.6%

RTX opened at $171.19 on Friday. The firm has a market capitalization of $229.53 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.44. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The company has a fifty day moving average price of $170.93 and a 200-day moving average price of $157.18. 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 (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal 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 issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. RTX’s payout ratio is presently 55.85%.

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’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 sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RTX shares. Bank of America increased their target price on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Susquehanna raised their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane began coverage on RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price on the stock. Finally, Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

RTX 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.