RTX Corporation $RTX Shares Acquired by PFG Advisors

PFG Advisors lifted its position in shares of RTX Corporation (NYSE:RTX) by 45.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,006 shares of the company’s stock after buying an additional 9,739 shares during the period. PFG Advisors’ holdings in RTX were worth $4,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Alps Advisors Inc. acquired a new position in shares of RTX during the 1st quarter valued at about $477,000. IFC Advisors LLC lifted its holdings in shares of RTX by 4.3% during the 1st quarter. IFC Advisors LLC now owns 34,285 shares of the company’s stock worth $4,541,000 after acquiring an additional 1,405 shares during the period. Finally, Fortem Financial Group LLC purchased a new position in shares of RTX during the 1st quarter worth about $241,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 1.1%

Shares of RTX stock opened at $177.01 on Friday. The company has a fifty day moving average price of $164.99 and a 200 day moving average price of $151.37. 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 twelve month low of $112.27 and a twelve month high of $181.31. The stock has a market cap of $237.33 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

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. 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 was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s payout ratio is 55.85%.

Analysts Set New Price Targets

A number of research firms recently issued reports on RTX. JPMorgan Chase & Co. boosted their target price on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday, October 22nd. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group boosted their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

Insiders Place Their Bets

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’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. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. 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 in the last 90 days. 0.15% of the stock is owned by company insiders.

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.