Natixis Lowers Stock Holdings in RTX Corporation $RTX

Natixis lowered its stake in RTX Corporation (NYSE:RTX) by 14.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,635 shares of the company’s stock after selling 12,584 shares during the period. Natixis’ holdings in RTX were worth $10,898,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the period. Berger Financial Group Inc purchased a new stake in shares of RTX during the 1st quarter worth $223,000. Virtu Financial LLC acquired a new position in shares of RTX during the 1st quarter worth $2,098,000. Finally, Aigen Investment Management LP acquired a new position in shares of RTX during the 1st quarter worth $581,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of RTX from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group boosted their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. BNP Paribas Exane began coverage on RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target for the company. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group lifted their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

RTX Trading Up 0.2%

Shares of RTX stock opened at $171.38 on Tuesday. The firm has a market cap of $229.78 billion, a PE ratio of 35.19, a P/E/G ratio of 2.68 and a beta of 0.44. The business’s fifty day moving average is $171.23 and its two-hundred day moving average is $157.98. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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 the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The stock was 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 in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is owned by corporate 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.