Adage Capital Partners GP L.L.C. Has $164.79 Million Stake in RTX Corporation $RTX

Adage Capital Partners GP L.L.C. reduced its position in shares of RTX Corporation (NYSE:RTX) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,128,557 shares of the company’s stock after selling 394,192 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.08% of RTX worth $164,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Abbot Financial Management Inc. boosted its position in RTX by 2.1% during the 2nd quarter. Abbot Financial Management Inc. now owns 10,304 shares of the company’s stock worth $1,505,000 after acquiring an additional 215 shares during the last quarter. Clough Capital Partners L P lifted its position in shares of RTX by 112.5% in the second quarter. Clough Capital Partners L P now owns 145,984 shares of the company’s stock worth $21,317,000 after purchasing an additional 77,297 shares in the last quarter. Camarda Financial Advisors LLC boosted its holdings in RTX by 5.2% during the second quarter. Camarda Financial Advisors LLC now owns 5,667 shares of the company’s stock worth $828,000 after purchasing an additional 278 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in RTX during the second quarter worth $721,000. Finally, Soros Fund Management LLC bought a new position in RTX in the second quarter valued at $10,484,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $178.59 on Friday. 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 Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The business has a 50 day moving average of $171.92 and a 200-day moving average of $158.83. The stock has a market cap of $239.45 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.77 and a beta of 0.44.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Analysts Set New Price Targets

RTX has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of RTX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. BNP Paribas Exane initiated coverage on RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target for the company. BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Bank of America upped their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, UBS Group increased their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. 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’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.71.

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

About RTX

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.