NorthStar Asset Management LLC NJ Takes Position in RTX Corporation $RTX

NorthStar Asset Management LLC NJ bought a new position in RTX Corporation (NYSE:RTX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,427 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also recently made changes to their positions in RTX. PFS Partners LLC increased its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in RTX during the second quarter valued at about $29,000. Access Investment Management LLC purchased a new stake in shares of RTX during the second quarter worth about $31,000. BOK Financial Private Wealth Inc. boosted its stake in RTX by 45.3% in 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 period. Finally, Summit Securities Group LLC purchased a new position in shares of RTX in the first quarter worth $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE:RTX opened at $173.85 on Thursday. The firm’s fifty day moving average is $168.16 and its two-hundred day moving average is $154.22. The firm has a market cap of $233.09 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.79 and a beta of 0.64. 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 one year low of $112.27 and a one year high of $181.31.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter last year, the business posted $1.45 EPS. The company’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is presently 55.85%.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX 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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on RTX. UBS Group boosted their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. BNP Paribas Exane started coverage on shares of RTX in a research report on Tuesday. They set an “outperform” rating and a $210.00 price objective on the stock. Barclays raised their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $180.44.

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.