Vanguard Group Inc. Purchases 2,238,247 Shares of RTX Corporation $RTX

Vanguard Group Inc. boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 122,074,734 shares of the company’s stock after acquiring an additional 2,238,247 shares during the quarter. Vanguard Group Inc. owned about 0.09% of RTX worth $17,825,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the period. Csenge Advisory Group boosted its stake in RTX by 28.1% in the 1st quarter. Csenge Advisory Group now owns 7,050 shares of the company’s stock valued at $909,000 after buying an additional 1,545 shares in the last quarter. Montag A & Associates Inc. grew its position in RTX by 1.9% in the first quarter. Montag A & Associates Inc. now owns 21,373 shares of the company’s stock valued at $2,831,000 after acquiring an additional 400 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its stake in RTX by 8.2% during the first quarter. Blue Bell Private Wealth Management LLC now owns 1,532 shares of the company’s stock worth $203,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX 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 transaction, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein raised their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Two research 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 stock. According to data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Price Performance

Shares of RTX stock opened at $175.64 on Tuesday. The firm’s 50 day moving average price is $167.32 and its two-hundred day moving average price is $153.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. 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 $235.50 billion, a PE ratio of 36.07, a PEG ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last issued 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 company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

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.