Claro Advisors LLC Decreases Position in RTX Corporation $RTX

Claro Advisors LLC decreased its position in shares of RTX Corporation (NYSE:RTX) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,464 shares of the company’s stock after selling 2,576 shares during the quarter. Claro Advisors LLC’s holdings in RTX were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RTX. Cornerstone Advisory LLC increased its holdings in shares of RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares in the last quarter. Briaud Financial Planning Inc increased its holdings in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after buying an additional 65 shares in the last quarter. Gries Financial LLC raised its position in RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares during the last quarter. M3 Advisory Group LLC lifted its stake in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after acquiring an additional 69 shares during the period. Finally, Aurdan Capital Management LLC boosted its holdings in shares of RTX by 2.3% during the 2nd quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock valued at $440,000 after acquiring an additional 69 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of RTX 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,471 shares of company stock worth $6,210,875. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Down 0.8%

NYSE RTX opened at $175.67 on Wednesday. The stock’s 50-day moving average price is $164.05 and its 200-day moving average price is $150.42. The company has a market capitalization of $235.53 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

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

RTX Dividend Announcement

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 issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is currently 55.85%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTX. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group upped their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Susquehanna boosted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Company 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.