Deprince Race & Zollo Inc. Lowers Stock Position in RTX Corporation $RTX

Deprince Race & Zollo Inc. lessened its position in shares of RTX Corporation (NYSE:RTX) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,411 shares of the company’s stock after selling 24,992 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in RTX were worth $38,722,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RTX. Vanguard Group Inc. increased its stake 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 valued at $17,825,353,000 after purchasing an additional 2,238,247 shares in the last quarter. State Street Corp grew its holdings in RTX by 0.5% in 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 period. Fisher Asset Management LLC grew its holdings in RTX by 4.2% in the second 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 acquired a new position in shares of RTX during the 2nd quarter worth approximately $2,359,602,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of RTX by 9.3% during 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 buying an additional 1,361,071 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. BNP Paribas Exane initiated coverage on shares of RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. UBS Group boosted their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Susquehanna boosted their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.18.

RTX Trading Down 0.7%

Shares of RTX stock opened at $185.15 on Friday. 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 stock’s 50 day simple moving average is $176.15 and its 200-day simple moving average is $162.16. The stock has a market cap of $248.25 billion, a P/E ratio of 38.02, a P/E/G ratio of 2.93 and a beta of 0.44. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $188.00.

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

RTX Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 55.85%.

About RTX

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.