Modera Wealth Management LLC Grows Stock Holdings in RTX Corporation $RTX

Modera Wealth Management LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,763 shares of the company’s stock after buying an additional 751 shares during the period. Modera Wealth Management LLC’s holdings in RTX were worth $8,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RTX. Twin Capital Management Inc. increased its stake in RTX by 3.8% during the second quarter. Twin Capital Management Inc. now owns 28,368 shares of the company’s stock worth $4,142,000 after acquiring an additional 1,041 shares during the last quarter. Soltis Investment Advisors LLC increased its position in shares of RTX by 1.7% during the 2nd quarter. Soltis Investment Advisors LLC now owns 16,679 shares of the company’s stock valued at $2,436,000 after purchasing an additional 282 shares during the last quarter. Souders Financial Advisors raised its holdings in RTX by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 26,380 shares of the company’s stock valued at $3,852,000 after buying an additional 994 shares during the period. Cetera Trust Company N.A lifted its position in RTX by 0.4% in the second quarter. Cetera Trust Company N.A now owns 18,827 shares of the company’s stock worth $2,749,000 after buying an additional 75 shares during the last quarter. Finally, HORAN Wealth LLC bought a new position in RTX during the second quarter valued at $428,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,471 shares of company stock worth $6,210,875 over the last 90 days. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX opened at $177.01 on Friday. The company has a market capitalization of $237.33 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64. 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 business’s fifty day simple moving average is $164.99 and its 200-day simple moving average is $151.11.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’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 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. 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 55.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RTX shares. Susquehanna lifted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Bank of America upped their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.