RTX Corporation $RTX Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its position in RTX Corporation (NYSE:RTX) by 16.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,079 shares of the company’s stock after acquiring an additional 4,459 shares during the period. MGO One Seven LLC’s holdings in RTX were worth $5,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. State Street Corp raised its stake in shares of RTX by 0.5% in the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after acquiring an additional 552,009 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in RTX by 1.2% in the 2nd 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 purchasing an additional 16,034 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in RTX by 28,295.2% in 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 purchasing an additional 11,884 shares during the period. Armstrong Fleming & Moore Inc acquired a new position in RTX during the second quarter worth $431,000. Finally, EWA LLC acquired a new stake in shares of RTX in the second quarter valued at $291,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

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

RTX Price Performance

Shares of RTX opened at $193.94 on Tuesday. The firm has a market capitalization of $260.03 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 2.74 and a beta of 0.44. The firm’s fifty day simple moving average is $178.54 and its 200-day simple moving average is $165.58. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $196.70. 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 (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS 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 during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company’s 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. Equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein reiterated a “market perform” rating and set a $189.00 target price on shares of RTX in a report on Tuesday, January 6th. BNP Paribas Exane started coverage on shares of RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $184.47.

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.