Foster Dykema Cabot & Partners LLC Raises Stock Position in RTX Corporation $RTX

Foster Dykema Cabot & Partners LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,235 shares of the company’s stock after acquiring an additional 569 shares during the period. Foster Dykema Cabot & Partners LLC’s holdings in RTX were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisory LLC increased its holdings in shares of RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares during the period. Briaud Financial Planning Inc increased its stake 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 acquiring an additional 65 shares during the last quarter. Hudock Inc. increased its stake in RTX by 1.3% in the 2nd quarter. Hudock Inc. now owns 5,346 shares of the company’s stock worth $781,000 after acquiring an additional 68 shares during the last quarter. Gries Financial LLC raised its holdings in shares of RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its position in shares of 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 last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on RTX shares. UBS Group boosted their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. BNP Paribas Exane assumed coverage on shares of RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price for the company. Finally, Sanford C. Bernstein raised their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.44.

RTX Price Performance

Shares of RTX stock opened at $169.62 on Monday. The stock has a market capitalization of $227.42 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a fifty day moving average of $168.73 and a 200-day moving average of $155.01. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. 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 (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business 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 dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is currently 55.85%.

Insider Activity at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX 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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is owned by company insiders.

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.