Charles Schwab Investment Management Inc. Buys 84,783 Shares of RTX Corporation $RTX

Charles Schwab Investment Management Inc. grew its position in RTX Corporation (NYSE:RTX) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,436,351 shares of the company’s stock after purchasing an additional 84,783 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in RTX were worth $1,523,917,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Pettyjohn Wood & White Inc. lifted its position in RTX by 1.2% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 63,343 shares of the company’s stock worth $9,249,000 after acquiring an additional 770 shares during the last quarter. Private Management Group Inc. increased its stake in shares of RTX by 6.7% in the second quarter. Private Management Group Inc. now owns 1,710 shares of the company’s stock worth $250,000 after purchasing an additional 107 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of RTX by 11.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 868,966 shares of the company’s stock worth $126,886,000 after purchasing an additional 86,415 shares during the last quarter. AlphaCore Capital LLC boosted its stake in RTX by 30.7% during the 2nd quarter. AlphaCore Capital LLC now owns 19,604 shares of the company’s stock valued at $2,862,000 after purchasing an additional 4,608 shares during the period. Finally, Journey Strategic Wealth LLC grew its holdings in RTX by 51.5% in the 2nd quarter. Journey Strategic Wealth LLC now owns 14,372 shares of the company’s stock valued at $2,099,000 after buying an additional 4,883 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RTX shares. The Goldman Sachs Group upped their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of 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, November 18th. They issued an “outperform” rating and a $210.00 price target on the stock. Finally, Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.44.

RTX Trading Down 1.8%

Shares of RTX stock opened at $169.62 on Friday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The firm has a market capitalization of $227.42 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company’s fifty day moving average price is $168.73 and its two-hundred day moving average price is $154.82.

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

RTX Announces Dividend

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

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

About RTX

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.