Vontobel Holding Ltd. Has $6.42 Million Holdings in RTX Corporation $RTX

Vontobel Holding Ltd. decreased its holdings in RTX Corporation (NYSE:RTX) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,338 shares of the company’s stock after selling 4,296 shares during the quarter. Vontobel Holding Ltd.’s holdings in RTX were worth $6,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of RTX by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after purchasing an additional 16,034 shares during the period. MGO One Seven LLC boosted its holdings in shares of RTX by 10.2% in the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after buying an additional 2,554 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in RTX by 28,295.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after buying an additional 11,884 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new stake in RTX during the second quarter worth about $431,000. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other RTX 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 value of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 target price on shares of RTX in a research note on Tuesday, November 25th. Susquehanna upped their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday, October 22nd. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Citigroup assumed coverage on RTX in a research note on Thursday, December 11th. They set a “buy” rating and a $211.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.18.

RTX Price Performance

Shares of NYSE RTX opened at $186.09 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $188.00. The stock has a market cap of $249.50 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. The stock has a fifty day moving average of $175.60 and a 200-day moving average of $161.69.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.