Osprey Private Wealth LLC Grows Stock Position in RTX Corporation $RTX

Osprey Private Wealth LLC increased its stake in RTX Corporation (NYSE:RTX) by 40.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,515 shares of the company’s stock after purchasing an additional 7,700 shares during the quarter. RTX makes up approximately 1.6% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest position. Osprey Private Wealth LLC’s holdings in RTX were worth $4,437,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RTX. State Street Corp increased its holdings in RTX by 0.5% in the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after acquiring an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in RTX by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after buying an additional 16,034 shares during the period. MGO One Seven LLC grew its holdings in RTX by 10.2% during the 2nd 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 last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of RTX by 28,295.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock worth $1,741,000 after acquiring an additional 11,884 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc bought a new position in shares of RTX in the second quarter worth about $431,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. Sanford C. Bernstein lifted their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.71.

RTX Price Performance

RTX stock opened at $176.79 on Thursday. The stock has a market cap of $237.03 billion, a P/E ratio of 36.30, a PEG ratio of 2.85 and a beta of 0.44. 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 company has a 50-day moving average price of $172.56 and a 200 day moving average price of $159.94. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $182.28.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were issued 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 currently 55.85%.

RTX Company 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.