Americana Partners LLC Acquires 3,683 Shares of RTX Corporation $RTX

Americana Partners LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 1.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 201,873 shares of the company’s stock after acquiring an additional 3,683 shares during the quarter. RTX accounts for approximately 1.0% of Americana Partners LLC’s holdings, making the stock its 26th largest position. Americana Partners LLC’s holdings in RTX were worth $29,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Vanguard Group Inc. grew its position in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after buying an additional 104,139 shares during the period. Invesco Ltd. grew its position in RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after buying an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new position in RTX in the 1st quarter valued at $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several analyst reports. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Susquehanna raised their target price on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Barclays increased 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction dated 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. This trade represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 38,471 shares of company stock valued at $6,210,875. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Up 1.1%

RTX opened at $177.01 on Monday. The firm has a market capitalization of $237.33 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The company’s 50 day moving average price is $164.99 and its two-hundred day moving average price is $151.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly 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. As a group, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 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.