RTX Corporation $RTX Shares Bought by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 51.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,372 shares of the company’s stock after purchasing an additional 4,883 shares during the quarter. Journey Strategic Wealth LLC’s holdings in RTX were worth $2,099,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RTX. Brookwood Investment Group LLC purchased a new position in shares of RTX in the 1st quarter worth $1,288,000. MGO One Seven LLC increased its stake in RTX by 10.2% during the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after acquiring an additional 2,554 shares during the last quarter. Redwood Financial Network Corp purchased a new position in shares of RTX in the 1st quarter worth about $243,000. Zuckerman Investment Group LLC grew its holdings in shares of RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after purchasing an additional 2,033 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in RTX during the 1st quarter worth approximately $581,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.5%

Shares of RTX stock opened at $172.88 on Friday. The business has a 50-day moving average price of $168.46 and a 200 day moving average price of $154.35. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The firm has a market cap of $231.79 billion, a P/E ratio of 35.50, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

Insider Transactions at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale is available in the SEC filing. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group lifted their price target 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. Barclays lifted their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. BNP Paribas raised RTX to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Bank of America boosted their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.44.

RTX Profile

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.