Kieckhefer Group LLC Buys New Holdings in RTX Corporation $RTX

Kieckhefer Group LLC purchased a new position in RTX Corporation (NYSE:RTX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $1,673,000. RTX makes up approximately 0.8% of Kieckhefer Group LLC’s portfolio, making the stock its 20th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC grew its position in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of RTX in the second quarter valued at $29,000. Access Investment Management LLC acquired a new position in shares of RTX during the second quarter valued at about $31,000. Clayton Financial Group LLC bought a new stake in shares of RTX during the third quarter worth about $36,000. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in shares of RTX by 194.5% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

RTX Trading Down 0.4%

NYSE:RTX opened at $184.37 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $188.00. The stock’s fifty day moving average price is $176.62 and its two-hundred day moving average price is $162.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company has a market cap of $247.19 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.93 and a beta of 0.44.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (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 analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts expect that RTX Corporation will post 6.11 EPS 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 paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s payout ratio is currently 55.85%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Susquehanna boosted their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Monday, December 22nd. Three investment 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.18.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.