Thoroughbred Financial Services LLC Has $3.64 Million Position in RTX Corporation $RTX

Thoroughbred Financial Services LLC cut its position in shares of RTX Corporation (NYSE:RTX) by 20.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,958 shares of the company’s stock after selling 6,595 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in RTX were worth $3,644,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of RTX during the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. lifted its position in RTX by 28.0% in the first 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. Massachusetts Financial Services Co. MA lifted its position in RTX by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after purchasing an additional 1,361,071 shares during the period. Vanguard Group Inc. boosted its stake in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were 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 is available through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

NYSE:RTX opened at $175.42 on Friday. The stock has a market capitalization of $235.20 billion, a P/E ratio of 36.02, a price-to-earnings-growth 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 Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The firm has a 50 day moving average of $166.89 and a 200-day moving average of $153.05.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the prior year, the company earned $1.45 EPS. RTX’s revenue for the quarter 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is currently 55.85%.

Analyst Ratings Changes

RTX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX has an average 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.