Verus Capital Partners LLC Lowers Stock Holdings in RTX Corporation $RTX

Verus Capital Partners LLC cut its holdings in RTX Corporation (NYSE:RTX) by 28.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,672 shares of the company’s stock after selling 1,865 shares during the period. Verus Capital Partners LLC’s holdings in RTX were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RTX. PFS Partners LLC boosted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of RTX during the 2nd quarter worth about $29,000. Access Investment Management LLC acquired a new stake in shares of RTX in the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. grew its holdings in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new position in RTX during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction dated 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 represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RTX. Susquehanna lifted their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Bank of America lifted their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. 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. Sanford C. Bernstein raised their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Price Performance

RTX stock opened at $179.15 on Wednesday. The firm has a market cap of $240.20 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 1 year low of $112.27 and a 1 year high of $181.31. The stock has a 50-day simple moving average of $165.82 and a 200-day simple moving average of $152.37.

RTX (NYSE:RTX) last released its quarterly 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the previous year, the company posted $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company 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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 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.