Shelton Capital Management Purchases 16,011 Shares of RTX Corporation $RTX

Shelton Capital Management raised its position in shares of RTX Corporation (NYSE:RTX) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,914 shares of the company’s stock after buying an additional 16,011 shares during the quarter. Shelton Capital Management’s holdings in RTX were worth $24,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after acquiring an additional 2,238,247 shares in the last quarter. Norges Bank purchased a new position in shares of RTX during the second quarter valued at approximately $2,359,602,000. Massachusetts Financial Services Co. MA boosted its position in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after purchasing an additional 1,361,071 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of RTX by 1.4% in the 2nd quarter. Franklin Resources Inc. now owns 15,575,867 shares of the company’s stock worth $2,274,388,000 after buying an additional 221,984 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in RTX by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,436,351 shares of the company’s stock valued at $1,523,917,000 after buying an additional 84,783 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of RTX in a report on Tuesday, November 25th. The Goldman Sachs Group lifted their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Bank of America upped their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Three equities research 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.00.

Insider Transactions at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX stock opened at $174.96 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The company has a market cap of $234.58 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The stock’s fifty day moving average price is $170.24 and its 200-day moving average price is $156.54.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued 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 1.6%. RTX’s payout ratio is currently 55.85%.

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.