RTX Corporation $RTX is Verity & Verity LLC’s 5th Largest Position

Verity & Verity LLC decreased its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 213,796 shares of the company’s stock after selling 23,197 shares during the period. RTX makes up approximately 2.9% of Verity & Verity LLC’s holdings, making the stock its 5th largest position. Verity & Verity LLC’s holdings in RTX were worth $35,775,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in RTX. PFS Partners LLC lifted its position in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in shares of RTX in the second quarter valued at approximately $29,000. Access Investment Management LLC purchased a new stake in shares of RTX during the second quarter worth approximately $31,000. SOA Wealth Advisors LLC. lifted its holdings in shares of RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after purchasing an additional 70 shares during the period. Finally, Clayton Financial Group LLC acquired a new stake in shares of RTX during the third quarter worth $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.0%

RTX stock opened at $187.10 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $177.21 and its 200 day moving average price is $163.46. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $188.00. The company has a market cap of $250.86 billion, a P/E ratio of 38.42, a P/E/G ratio of 2.67 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were given 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 was Friday, November 21st. RTX’s payout ratio is presently 55.85%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was 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 owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RTX. Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price objective on shares of RTX in a research note on Tuesday, November 25th. BNP Paribas Exane began coverage on shares of RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup assumed coverage on RTX in a report on Thursday, December 11th. They issued a “buy” rating and a $211.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.18.

Read Our Latest Stock Report on RTX

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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