Linscomb Wealth Inc. Grows Stake in RTX Corporation $RTX

Linscomb Wealth Inc. boosted its position in shares of RTX Corporation (NYSE:RTX) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 106,334 shares of the company’s stock after buying an additional 1,040 shares during the period. RTX comprises about 0.7% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 19th largest holding. Linscomb Wealth Inc.’s holdings in RTX were worth $15,527,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RTX. Nuveen LLC purchased a new position in RTX during the 1st quarter worth $916,739,000. Goldman Sachs Group Inc. increased its holdings in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. increased its holdings in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. 1832 Asset Management L.P. increased its holdings in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after purchasing an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in RTX during the 1st quarter worth $130,194,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,318 shares of company stock worth $8,238,388 over the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 0.4%

RTX stock opened at $177.15 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a market capitalization of $237.52 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.79 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The business has a fifty day moving average price of $162.87 and a 200-day moving average price of $149.12.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RTX shares. JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Susquehanna lifted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Finally, Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

RTX Company 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.