Regent Peak Wealth Advisors LLC Buys Shares of 2,692 RTX Corporation $RTX

Regent Peak Wealth Advisors LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,692 shares of the company’s stock, valued at approximately $450,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of RTX by 0.5% in the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after purchasing an additional 552,009 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in RTX by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after buying an additional 16,034 shares during the last quarter. MGO One Seven LLC raised its position in RTX by 10.2% in the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after acquiring an additional 2,554 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in RTX by 28,295.2% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock worth $1,741,000 after acquiring an additional 11,884 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new position in shares of RTX during the 2nd quarter worth $431,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.2%

NYSE RTX opened at $186.09 on Friday. The company has a market capitalization of $249.50 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.95 and a beta of 0.44. The stock has a 50 day moving average price of $175.60 and a 200-day moving average price of $161.69. 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 Corporation has a one year low of $112.27 and a one year high of $188.00.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS 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 analyst estimates of $21.26 billion. During the same quarter last year, the business earned $1.45 earnings per share. RTX’s quarterly 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. As a group, equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 55.85%.

Analyst Ratings Changes

Several research firms recently weighed in on RTX. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. BNP Paribas Exane began coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. Susquehanna boosted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.18.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

RTX Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.