3,460 Shares in RTX Corporation $RTX Purchased by TSG Advice Partners LLC

TSG Advice Partners LLC bought a new stake in shares of RTX Corporation (NYSE:RTX) during the third quarter, HoldingsChannel reports. The fund bought 3,460 shares of the company’s stock, valued at approximately $657,000.

Several other hedge funds also recently bought and sold shares of the stock. Trek Financial LLC increased its position in RTX by 16.3% during the 3rd quarter. Trek Financial LLC now owns 2,064 shares of the company’s stock worth $383,000 after purchasing an additional 290 shares in the last quarter. Walled Lake Planning & Wealth Management LLC purchased a new position in RTX in the 3rd quarter valued at about $204,000. Virtue Capital Management LLC lifted its holdings in RTX by 7.3% in the 3rd quarter. Virtue Capital Management LLC now owns 6,794 shares of the company’s stock valued at $1,261,000 after purchasing an additional 460 shares in the last quarter. Hoey Investments Inc. lifted its holdings in RTX by 3.2% in the 3rd quarter. Hoey Investments Inc. now owns 6,405 shares of the company’s stock valued at $1,189,000 after purchasing an additional 200 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of RTX during the 3rd quarter worth about $70,870,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RTX shares. Robert W. Baird set a $240.00 price target on shares of RTX in a report on Friday, July 24th. The Goldman Sachs Group upped their price objective on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft lowered shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a research report on Tuesday, October 13th. Weiss Ratings raised shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.24.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon division is positioned to benefit from rising demand for Patriot air-defense equipment, GEM-T interceptors, LTAMDS radar, Coyote counter-drone interceptors and related support. Replenishment, system upgrades and expanded deployments could create multiyear orders. Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
• Positive Sentiment: Commentary from The Motley Fool argues that improving cooperation between defense contractors and the U.S. government could reduce the risks associated with fixed-price development contracts, supporting better profitability and potentially higher valuations for RTX. Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
• Positive Sentiment: RTX is highlighted as a sales-growth stock that may offer resilience amid market volatility, inflation and tighter financial conditions. Its diversified exposure to commercial aerospace through Collins Aerospace and Pratt & Whitney adds to the growth opportunity beyond defense. Invest in These 3 Sales Growth Stocks Amid AI-Led Market Volatility
• Neutral Sentiment: Wall Street analysts remain cautiously optimistic despite RTX’s strong performance relative to the broader market. Investors may therefore require continued order growth, deliveries, margin improvement and cash-flow generation to justify the stock’s premium valuation. Are Wall Street Analysts Bullish on RTX Corporation Stock?
• Negative Sentiment: RTX trades at a relatively elevated earnings multiple, making the shares sensitive to execution problems, aerospace program costs, supply-chain constraints and any slowdown in commercial aviation or defense orders.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $202.80 on Tuesday. The business’s 50-day moving average price is $194.66 and its 200 day moving average price is $195.59. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88. The company has a market capitalization of $273.67 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, research analysts predict that RTX Corporation will post 7.67 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is currently 47.40%.

RTX Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.