Diversified Trust Co Buys 5,465 Shares of RTX Corporation $RTX

Diversified Trust Co boosted its stake in shares of RTX Corporation (NYSE:RTX) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,429 shares of the company’s stock after purchasing an additional 5,465 shares during the period. Diversified Trust Co’s holdings in RTX were worth $7,769,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of RTX in the second quarter valued at $2,359,602,000. Laurel Wealth Advisors LLC increased its stake in shares of RTX by 14,974.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock worth $525,518,000 after purchasing an additional 3,575,069 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 during the period. Massachusetts Financial Services Co. MA lifted its stake in RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in RTX during the first quarter worth about $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RTX shares. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of RTX in a research report on Tuesday, November 25th. Bank of America increased their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.18.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s 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 in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

RTX Trading Down 0.4%

RTX stock opened at $184.37 on Tuesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $188.00. The company has a market capitalization of $247.19 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The company’s 50-day simple moving average is $176.62 and its 200 day simple moving average is $162.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

RTX Profile

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.