Metis Global Partners LLC Cuts Stock Holdings in RTX Corporation $RTX

Metis Global Partners LLC cut its position in shares of RTX Corporation (NYSE:RTX) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,774 shares of the company’s stock after selling 5,761 shares during the period. Metis Global Partners LLC’s holdings in RTX were worth $8,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Access Investment Management LLC purchased a new position in RTX during the second quarter worth approximately $31,000. Summit Securities Group LLC acquired a new stake in RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the first quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% during 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 during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RTX. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Price Performance

RTX stock opened at $177.01 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. The company has a 50-day moving average price of $164.99 and a 200 day moving average price of $151.11. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The stock has a market cap of $237.33 billion, a P/E ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its quarterly 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. 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 analysts’ expectations of $21.26 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The business’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. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 presently 55.85%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,471 shares of company stock worth $6,210,875. Company insiders own 0.15% of the company’s stock.

RTX 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.