Sfmg LLC Reduces Position in RTX Corporation $RTX

Sfmg LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,375 shares of the company’s stock after selling 693 shares during the period. RTX comprises approximately 0.8% of Sfmg LLC’s holdings, making the stock its 20th largest position. Sfmg LLC’s holdings in RTX were worth $10,568,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MGO One Seven LLC raised its position in RTX by 10.2% during the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after purchasing an additional 2,554 shares during the period. Redwood Financial Network Corp bought a new position in shares of RTX during the 1st quarter valued at approximately $243,000. Zuckerman Investment Group LLC raised its holdings in RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after buying an additional 2,033 shares during the period. Aigen Investment Management LP bought a new stake in RTX in the first quarter worth $581,000. Finally, EWA LLC purchased a new position in RTX during the second quarter worth $291,000. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated 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 in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s 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. Insiders own 0.15% of the company’s stock.

RTX Trading Down 1.8%

Shares of RTX opened at $169.62 on Friday. The firm has a market capitalization of $227.42 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a 50-day moving average of $168.73 and a 200 day moving average of $154.64.

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

RTX Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. BNP Paribas Exane initiated coverage on shares of RTX in a research report on Tuesday. They set an “outperform” rating and a $210.00 price objective on the stock. Barclays upped their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Bank of America raised their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.44.

About RTX

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.