175,334 RTX Corporation $RTX Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,301,998 shares of the company’s stock after buying an additional 175,334 shares during the quarter. Russell Investments Group Ltd.’s holdings in RTX were worth $241,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fortress Financial Group LLC bought a new position in RTX in the second quarter worth approximately $358,000. Evergreen Advisors LLC bought a new stake in shares of RTX during the 1st quarter valued at $31,000. BOK Financial Private Wealth Inc. bought a new stake in shares of RTX during the 2nd quarter valued at $36,000. Next Level Wealth Planning LLC purchased a new stake in shares of RTX in the 3rd quarter worth $41,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of RTX in the 3rd quarter worth $42,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded RTX from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. UBS Group lifted their price objective on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. TD Cowen cut their price objective on RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, October 9th. BNP Paribas Exane increased their target price on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Argus set a $245.00 target price on shares of RTX and gave the stock a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $231.24.

Insider Activity at RTX

In related news, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

RTX Trading Down 1.4%

Shares of RTX stock opened at $198.39 on Friday. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The company has a market capitalization of $267.71 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.23 and a beta of 0.30. The company has a fifty day moving average of $192.88 and a 200 day moving average of $195.59.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same period last year, the firm earned $1.70 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s dividend payout ratio (DPR) is 47.40%.

Key Headlines Impacting RTX

These are some of the RTX headlines that stood out recently:

• Positive Sentiment: Zacks Research upgraded RTX from “hold” to “strong buy,” while other Zacks coverage cited improving earnings estimates, defense-technology progress and aerospace services as supports for its outlook. Zacks Research rating update RTX Outperforms Industry in the Past Year: Should You Buy?
• Positive Sentiment: Sector commentary included RTX among aerospace and defense companies that could benefit from rising defense spending, strong order backlogs and improved earnings prospects. Separate coverage also noted that RTX can earn from its installed engine base and related services, beyond new aircraft sales. Buy 4 Aerospace Defense Behemoths to Enhance Your Portfolio Returns How These 5 Aerospace Stocks Earn Money Beyond New Plane Sales
• Negative Sentiment: One Zacks assessment cautioned that RTX’s premium valuation could limit upside, despite its stronger performance and favorable earnings trends. RTX Outperforms Industry in the Past Year: Should You Buy?

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.