Farther Finance Advisors LLC Purchases 4,612 Shares of RTX Corporation $RTX

Farther Finance Advisors LLC boosted its position in RTX Corporation (NYSE:RTXFree Report) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,358 shares of the company’s stock after buying an additional 4,612 shares during the quarter. Farther Finance Advisors LLC’s holdings in RTX were worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in RTX. Cornerstone Advisory LLC boosted its position in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after buying an additional 64 shares during the period. Briaud Financial Planning Inc boosted its position in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its holdings in shares of RTX by 2.4% during the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 2,816 shares of the company’s stock valued at $471,000 after buying an additional 65 shares in the last quarter. Carr Financial Group Corp grew its holdings in RTX by 1.8% in the third quarter. Carr Financial Group Corp now owns 3,831 shares of the company’s stock worth $641,000 after purchasing an additional 67 shares during the period. Finally, Abound Wealth Management grew its stake in shares of RTX by 4.4% in the 3rd quarter. Abound Wealth Management now owns 1,604 shares of the company’s stock worth $268,000 after buying an additional 67 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 0.0%

Shares of NYSE RTX opened at $185.67 on Wednesday. The firm has a 50-day simple moving average of $174.43 and a two-hundred day simple moving average of $161.35. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $188.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company has a market cap of $248.94 billion, a P/E ratio of 38.12, a PEG ratio of 2.94 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The company 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%.RTX’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. JPMorgan Chase & Co. lifted their price objective on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. The Goldman Sachs Group upped their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. BNP Paribas Exane assumed coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. Finally, Jefferies Financial Group restated a “hold” rating and set a $190.00 price objective 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 assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.18.

Read Our Latest Stock Report on RTX

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Recommended Stories

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.