Valeo Financial Advisors LLC Sells 21,890 Shares of RTX Corporation $RTX

Valeo Financial Advisors LLC decreased its position in RTX Corporation (NYSE:RTX) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,193 shares of the company’s stock after selling 21,890 shares during the quarter. Valeo Financial Advisors LLC’s holdings in RTX were worth $9,373,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PFS Partners LLC raised its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX in the second quarter valued at about $29,000. Access Investment Management LLC bought a new position in shares of RTX in the second quarter worth about $31,000. BOK Financial Private Wealth Inc. lifted its position in shares of RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in RTX during the 2nd quarter valued at approximately $42,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RTX shares. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. The Goldman Sachs Group upped their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Finally, Bank of America increased 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. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.71.

RTX Stock Performance

NYSE:RTX opened at $178.59 on Monday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $171.92 and a 200 day moving average price of $159.18. The firm has a market capitalization of $239.45 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44.

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

RTX Announces Dividend

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

RTX 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.