RTX Corporation $RTX Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of RTX Corporation (NYSE:RTX) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 831,245 shares of the company’s stock after selling 133,633 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in RTX were worth $139,092,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RTX. PFS Partners LLC boosted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in RTX during the second quarter worth $29,000. Access Investment Management LLC acquired a new position in RTX during the second quarter worth $31,000. Clayton Financial Group LLC purchased a new position in shares of RTX during the third quarter worth $36,000. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of RTX by 194.5% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after buying an additional 142 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RTX shares. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Susquehanna lifted their target price on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Three investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.18.

RTX Stock Performance

Shares of RTX opened at $184.37 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $188.00. The stock has a market capitalization of $247.19 billion, a PE ratio of 37.86, a PEG ratio of 2.93 and a beta of 0.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a 50-day simple moving average of $176.62 and a 200-day simple moving average of $162.61.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. 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 prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

RTX 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.