RTX Corporation $RTX Shares Newly Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,445 shares of the company’s stock, valued at approximately $825,000.

A number of other large investors also recently modified their holdings of RTX. Fortress Financial Group LLC purchased a new stake in RTX in the second quarter worth approximately $358,000. Evergreen Advisors LLC bought a new position in RTX during the first quarter valued at approximately $31,000. BOK Financial Private Wealth Inc. bought a new position in RTX during the second quarter valued at approximately $36,000. Next Level Wealth Planning LLC bought a new position in RTX during the third quarter valued at approximately $41,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of RTX during the third quarter worth approximately $42,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president directly owned 16,930 shares in the company, valued at $3,414,781. The trade was a 34.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Weiss Ratings lowered shares of RTX from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Deutsche Bank lowered shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a report on Tuesday, October 13th. Royal Bank Of Canada decreased their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, UBS Group boosted their price target on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.24.

Recent RTX Headlines

Here are a few of the latest headlines about RTX:

• Positive Sentiment: Analyst upgrade: Zacks Research raised RTX from “hold” to “strong buy.” Separate commentary points to rising earnings estimates and growth prospects in defense technology and aerospace services. Zacks analysis
• Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

RTX Price Performance

RTX opened at $201.37 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The stock has a market capitalization of $271.74 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30. The stock’s 50 day moving average price is $192.93 and its 200-day moving average price is $195.57.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that RTX Corporation will post 7.73 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s payout ratio is presently 47.40%.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.