Ascent Group LLC Decreases Position in RTX Corporation $RTX

Ascent Group LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,862 shares of the company’s stock after selling 2,901 shares during the quarter. Ascent Group LLC’s holdings in RTX were worth $5,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC increased its holdings in shares of RTX by 3.9% during the third quarter. Sivia Capital Partners LLC now owns 3,711 shares of the company’s stock valued at $621,000 after acquiring an additional 139 shares in the last quarter. Weaver Capital Management LLC grew its position in RTX by 5.8% during the 3rd quarter. Weaver Capital Management LLC now owns 11,935 shares of the company’s stock worth $1,997,000 after purchasing an additional 656 shares during the last quarter. Diversified Trust Co increased its stake in RTX by 13.3% during the 3rd quarter. Diversified Trust Co now owns 46,429 shares of the company’s stock valued at $7,769,000 after purchasing an additional 5,465 shares in the last quarter. Clark Asset Management LLC lifted its stake in shares of RTX by 28.8% during the third quarter. Clark Asset Management LLC now owns 3,408 shares of the company’s stock worth $570,000 after buying an additional 762 shares during the period. Finally, Armbruster Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth $209,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE:RTX opened at $183.93 on Wednesday. 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 50 day moving average price of $176.84 and a 200-day moving average price of $162.89. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $188.00. The firm has a market cap of $246.61 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44.

RTX (NYSE:RTX) last released its quarterly earnings data 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. 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%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped 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. Citigroup assumed coverage on RTX in a research note on Thursday, December 11th. They issued a “buy” rating and a $211.00 price objective for the company. BNP Paribas Exane began coverage on RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. Robert W. Baird set a $203.00 price target on shares of RTX in a research report on Wednesday, October 22nd. Finally, UBS Group upped their price objective on shares of 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 issued a Hold rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $184.18.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s 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 of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

RTX Company 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.