RTX Corporation $RTX Stock Holdings Decreased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. reduced its stake in RTX Corporation (NYSE:RTX) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,271 shares of the company’s stock after selling 24,180 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in RTX were worth $31,093,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in RTX by 405.9% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,872 shares of the company’s stock valued at $348,000 after purchasing an additional 1,502 shares during the last quarter. Fifth Third Bancorp acquired a new stake in RTX in the 3rd quarter worth about $208,093,000. King Luther Capital Management Corp boosted its stake in RTX by 12.1% in the 3rd quarter. King Luther Capital Management Corp now owns 668,112 shares of the company’s stock worth $124,035,000 after buying an additional 72,294 shares during the last quarter. Banyan Capital Management Inc. purchased a new stake in RTX in the 3rd quarter valued at about $391,000. Finally, CFM Wealth Partners LLC purchased a new stake in RTX in the 3rd quarter valued at about $825,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 9,071 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

RTX Price Performance

RTX stock opened at $198.61 on Friday. The firm has a fifty day moving average of $192.81 and a 200-day moving average of $195.57. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $268.02 billion, a P/E ratio of 32.24, a PEG ratio of 2.19 and a beta of 0.30.

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

RTX Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Rothschild & Co Redburn upped their price target on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a report on Friday, July 24th. Finally, DA Davidson boosted their price objective on shares of RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.24.

Key RTX News

Investors following RTX have been watching these news items:

• Positive Sentiment: RTX’s DeepStrike test and a DARPA win are drawing attention to its defense technology business, potentially reinforcing investor interest in its growth prospects. RTX DeepStrike test and DARPA win
• Positive Sentiment: A sector outlook highlighted RTX among aerospace and defense companies positioned to benefit from rising defense spending, large order backlogs and improved earnings prospects. Aerospace and defense stocks outlook
• Neutral Sentiment: RTX is part of the Pentagon’s Golden Dome missile-shield effort, but the report says established contractors’ large interceptor backlogs remain more significant than new entrants’ roles. It does not identify a specific new award or revenue for RTX. Golden Dome funding and contractors

RTX Profile

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.