Arrow Capital Pty Ltd Acquires Shares of 27,476 RTX Corporation $RTX

Arrow Capital Pty Ltd bought a new position in RTX Corporation (NYSE:RTX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,476 shares of the company’s stock, valued at approximately $4,012,000. RTX comprises 3.0% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 2,238,247 shares in the last quarter. State Street Corp increased its position in RTX by 0.5% during the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares during the period. Fisher Asset Management LLC increased its position in RTX by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock valued at $3,007,894,000 after purchasing an additional 837,268 shares during the period. Norges Bank bought a new position in RTX in the 2nd quarter worth $2,359,602,000. Finally, Massachusetts Financial Services Co. MA lifted its position 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 purchasing an additional 1,361,071 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RTX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group restated a “hold” rating and set a $190.00 price target on shares of RTX in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.00.

Insiders Place Their Bets

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 shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by insiders.

RTX Stock Up 0.1%

RTX opened at $171.76 on Wednesday. The stock has a market capitalization of $230.29 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.68 and a beta of 0.44. The firm has a 50 day moving average price of $171.32 and a 200-day moving average price of $158.26. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. 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 released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 yield of 1.6%. RTX’s payout ratio is currently 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.