Mesirow Financial Investment Management Inc. Has $42.70 Million Stake in RTX Corporation $RTX

Mesirow Financial Investment Management Inc. lowered its stake in shares of RTX Corporation (NYSE:RTX) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 292,413 shares of the company’s stock after selling 1,846 shares during the period. RTX makes up approximately 0.8% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 22nd biggest holding. Mesirow Financial Investment Management Inc.’s holdings in RTX were worth $42,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aljian Capital Management LLC boosted its stake in shares of RTX by 6.7% in the 2nd quarter. Aljian Capital Management LLC now owns 33,464 shares of the company’s stock worth $4,886,000 after buying an additional 2,087 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of RTX by 109.0% in the 2nd quarter. Simon Quick Advisors LLC now owns 19,702 shares of the company’s stock worth $2,877,000 after buying an additional 10,275 shares during the last quarter. Coign Capital Advisors LLC boosted its stake in shares of RTX by 1.2% in the 2nd quarter. Coign Capital Advisors LLC now owns 6,705 shares of the company’s stock worth $979,000 after buying an additional 77 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in shares of RTX by 2.9% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 91,552 shares of the company’s stock worth $13,369,000 after buying an additional 2,586 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its stake in shares of RTX by 15.4% in the 2nd quarter. Savvy Advisors Inc. now owns 11,832 shares of the company’s stock worth $1,728,000 after buying an additional 1,582 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.4%

NYSE:RTX opened at $177.15 on Friday. The firm’s 50 day moving average is $162.87 and its 200 day moving average is $149.12. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The stock has a market capitalization of $237.52 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last issued its earnings results 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is presently 55.85%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 51,318 shares of company stock worth $8,238,388. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RTX shares. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Robert W. Baird set a $203.00 price target on shares of RTX in a report on Wednesday, October 22nd. UBS Group lifted their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

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.