Voya Investment Management LLC Buys 170,867 Shares of RTX Corporation $RTX

Voya Investment Management LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,490,941 shares of the company’s stock after purchasing an additional 170,867 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of RTX worth $249,479,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RTX. Dynamic Advisor Solutions LLC boosted its stake in RTX by 5.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 36,817 shares of the company’s stock valued at $6,161,000 after acquiring an additional 2,005 shares during the last quarter. Buckhead Capital Management LLC raised its stake in shares of RTX by 12.3% during the 3rd quarter. Buckhead Capital Management LLC now owns 2,470 shares of the company’s stock valued at $413,000 after purchasing an additional 271 shares during the period. Dakota Community Bank & Trust NA boosted its position in shares of RTX by 5.0% in the third quarter. Dakota Community Bank & Trust NA now owns 1,564 shares of the company’s stock valued at $262,000 after acquiring an additional 75 shares during the period. Park Edge Advisors LLC grew its position in shares of RTX by 21.0% during the 3rd quarter. Park Edge Advisors LLC now owns 2,915 shares of the company’s stock valued at $488,000 after purchasing an additional 505 shares in the last quarter. Finally, Genesis Private Wealth LLC grew its position in RTX by 4.6% during the third quarter. Genesis Private Wealth LLC now owns 2,583 shares of the company’s stock worth $432,000 after buying an additional 113 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

RTX Trading Up 0.6%

Shares of RTX stock opened at $178.30 on Friday. The company has a fifty day moving average of $172.88 and a 200 day moving average of $160.07. The company has a market capitalization of $239.06 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.80 and a beta of 0.44. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $182.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders 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 dividend payout ratio is presently 55.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America raised their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. UBS Group boosted their price objective 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. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group upped their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.71.

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.