IFG Advisory LLC Boosts Stock Holdings in RTX Corporation $RTX

IFG Advisory LLC raised its holdings in shares of RTX Corporation (NYSE:RTX) by 1.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,553 shares of the company’s stock after purchasing an additional 406 shares during the period. IFG Advisory LLC’s holdings in RTX were worth $4,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFS Partners LLC boosted its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC acquired a new stake in RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX in the first quarter valued at approximately $44,000. Briaud Financial Planning Inc boosted its stake in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in RTX in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders have sold 51,318 shares of company stock valued at $8,238,388 over the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Stock Up 0.4%

Shares of NYSE RTX opened at $177.15 on Friday. The company’s 50-day simple moving average is $162.87 and its 200-day simple moving average is $149.12. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The firm has a market cap of $237.52 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.07 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, beating 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 business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The company’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. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is currently 55.85%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.47.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.