RTX Corporation $RTX Stock Holdings Decreased by Verus Capital Partners LLC

Verus Capital Partners LLC lessened its stake in RTX Corporation (NYSE:RTX) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,672 shares of the company’s stock after selling 1,865 shares during the quarter. Verus Capital Partners LLC’s holdings in RTX were worth $682,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RTX. Cornerstone Advisory LLC lifted its holdings in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares during the last quarter. Briaud Financial Planning Inc raised its position in shares of RTX by 25.4% during the 2nd 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. Gries Financial LLC raised its holdings in shares of RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after purchasing an additional 69 shares during the period. M3 Advisory Group LLC lifted its holdings in RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares during the last quarter. Finally, Aurdan Capital Management LLC lifted its holdings in shares of RTX by 2.3% in the 2nd quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock worth $440,000 after purchasing an additional 69 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock opened at $179.15 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $165.82 and its two-hundred day moving average price is $152.37. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The stock has a market cap of $240.20 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $21.26 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Bank of America boosted their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.