RTX Corporation $RTX Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lessened its holdings in RTX Corporation (NYSE:RTX) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,066 shares of the company’s stock after selling 658 shares during the period. Personal CFO Solutions LLC’s holdings in RTX were worth $2,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of RTX by 1.9% in the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after buying an additional 2,238,247 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 valued at $2,330,215,000 after buying an additional 1,361,071 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. increased its holdings in RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on RTX shares. 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 report on Monday, October 27th. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. The Goldman Sachs Group lifted their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Finally, BNP Paribas Exane initiated coverage on RTX in a research note on Tuesday. They issued an “outperform” rating and a $210.00 price objective for the company. Three research 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 data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $180.44.

RTX Stock Down 0.5%

Shares of RTX opened at $172.88 on Friday. The company’s 50-day moving average price is $168.46 and its 200 day moving average price is $154.35. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market cap of $231.79 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share 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 net margin of 7.67% and a return on equity of 13.28%. RTX’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. 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 year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Insider Buying and Selling

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is owned by insiders.

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.