Meridian Management Co. Sells 329 Shares of RTX Corporation $RTX

Meridian Management Co. lowered its position in shares of RTX Corporation (NYSE:RTX) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,219 shares of the company’s stock after selling 329 shares during the quarter. Meridian Management Co.’s holdings in RTX were worth $1,925,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the last quarter. Silver Oak Securities Incorporated lifted its position in RTX by 10.6% during the 1st quarter. Silver Oak Securities Incorporated now owns 13,533 shares of the company’s stock worth $1,783,000 after buying an additional 1,296 shares in the last quarter. Avantax Planning Partners Inc. grew its holdings in RTX by 2.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 7,569 shares of the company’s stock worth $1,003,000 after acquiring an additional 208 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in RTX by 18.5% in the 1st quarter. IFM Investors Pty Ltd now owns 131,552 shares of the company’s stock valued at $15,939,000 after acquiring an additional 20,534 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 51,318 shares of company stock valued at $8,238,388. 0.15% of the stock is owned by company insiders.

RTX Trading Up 0.7%

NYSE:RTX opened at $178.70 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The firm has a market capitalization of $239.60 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.79 and a beta of 0.66. The business’s 50-day moving average price is $163.32 and its two-hundred day moving average price is $149.61.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS 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 company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the business posted $1.45 EPS. RTX’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. On average, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Susquehanna boosted their price objective on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.