Cerity Partners LLC Increases Position in RTX Corporation $RTX

Cerity Partners LLC raised its position in shares of RTX Corporation (NYSE:RTX) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,134,598 shares of the company’s stock after purchasing an additional 25,755 shares during the period. Cerity Partners LLC owned approximately 0.08% of RTX worth $165,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of RTX during the 2nd quarter valued at about $2,359,602,000. Nuveen LLC bought a new position in RTX during the first quarter valued at approximately $916,739,000. Laurel Wealth Advisors LLC raised its stake in shares of RTX by 14,974.7% during the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock worth $525,518,000 after acquiring an additional 3,575,069 shares in the last quarter. Vanguard Group Inc. lifted 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 acquiring an additional 2,238,247 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after acquiring an additional 1,361,071 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages recently commented on RTX. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $181.00.

RTX Stock Down 0.1%

Shares of NYSE:RTX opened at $171.16 on Friday. The stock’s 50-day moving average is $171.08 and its 200 day moving average is $157.56. The company has a market cap of $229.49 billion, a PE ratio of 35.15, a P/E/G ratio of 2.68 and a beta of 0.44. 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 Corporation has a 1 year low of $112.27 and a 1 year high of $181.31.

RTX (NYSE:RTX) last released 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the business posted $1.45 EPS. The business’s revenue 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 anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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

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.