RTX Corporation $RTX Shares Sold by Natixis

Natixis reduced its stake in RTX Corporation (NYSE:RTX) by 14.4% in the 2nd quarter, Holdings Channel reports. The firm owned 74,635 shares of the company’s stock after selling 12,584 shares during the quarter. Natixis’ holdings in RTX were worth $10,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its holdings in RTX by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after acquiring an additional 16,034 shares in the last quarter. MGO One Seven LLC increased its position 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 purchasing an additional 2,554 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in shares of RTX in the 2nd quarter valued at about $431,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of 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 worth $1,741,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Redwood Financial Network Corp acquired a new position in RTX in the first quarter worth about $243,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $171.38 on Tuesday. The company has a 50-day moving average price of $171.23 and a two-hundred day moving average price of $157.98. The stock has a market cap of $229.78 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.68 and a beta of 0.44. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (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 business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of RTX in a report on Tuesday, November 25th. Sanford C. Bernstein increased their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is currently 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.