Amundi Decreases Stock Position in RTX Corporation $RTX

Amundi trimmed its position in shares of RTX Corporation (NYSE:RTX) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,883,620 shares of the company’s stock after selling 561,539 shares during the quarter. Amundi owned 0.29% of RTX worth $561,261,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RTX shares. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. BNP Paribas Exane began coverage on RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. BNP Paribas upgraded RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group boosted their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Bank of America upped their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

RTX Trading Up 1.6%

Shares of NYSE RTX opened at $171.19 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The firm has a market cap of $229.53 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.44. The business has a fifty day simple moving average of $170.93 and a two-hundred day simple moving average of $157.18. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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 analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm 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 is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. RTX’s payout ratio is currently 55.85%.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

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.