RTX Corporation $RTX Shares Sold by Searle & CO.

Searle & CO. lessened its stake in shares of RTX Corporation (NYSE:RTX) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 47,372 shares of the company’s stock after selling 2,050 shares during the period. RTX accounts for 2.0% of Searle & CO.’s portfolio, making the stock its 12th largest position. Searle & CO.’s holdings in RTX were worth $6,917,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RTX. Brookwood Investment Group LLC bought a new stake in shares of RTX during the first quarter valued at about $1,288,000. Arizona State Retirement System increased its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares during the period. Redwood Financial Network Corp bought a new stake in shares of RTX during the 1st quarter worth about $243,000. Zuckerman Investment Group LLC raised its position in shares of RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after buying an additional 2,033 shares in the last quarter. Finally, Fortem Financial Group LLC acquired a new stake in shares of RTX in the 1st quarter worth approximately $241,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $177.01 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The firm has a 50-day moving average of $164.99 and a two-hundred day moving average of $151.37. The firm has a market capitalization of $237.33 billion, a PE ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last released its quarterly 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s 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. On average, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced 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. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 38,471 shares of company stock valued at $6,210,875. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Susquehanna raised their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Bank of America upped their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group restated 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 assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.47.

About RTX

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.