GAMMA Investing LLC Acquires 2,810 Shares of RTX Corporation $RTX

GAMMA Investing LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,194 shares of the company’s stock after buying an additional 2,810 shares during the period. GAMMA Investing LLC’s holdings in RTX were worth $6,391,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of RTX by 0.5% during the second 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 last quarter. State Board of Administration of Florida Retirement System grew its position in RTX by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after purchasing an additional 16,034 shares during the period. MGO One Seven LLC raised its stake in RTX by 10.2% during the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after buying an additional 2,554 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of RTX by 28,295.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after buying an additional 11,884 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new position in shares of RTX in the 2nd quarter worth $431,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was 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 directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

RTX Trading Up 1.9%

Shares of RTX opened at $182.14 on Tuesday. The firm has a market cap of $244.20 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 2.83 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 $182.28. The company has a 50 day simple moving average of $172.18 and a two-hundred day simple moving average of $159.52.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is presently 55.85%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Robert W. Baird set a $203.00 target price on shares of RTX in a report on Wednesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, UBS Group boosted their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Three 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 data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $182.71.

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.