RTX Corporation $RTX Position Boosted by MJP Associates Inc. ADV

MJP Associates Inc. ADV boosted its holdings in RTX Corporation (NYSE:RTX) by 4.2% during the 2nd quarter, Holdings Channel reports. The fund owned 11,121 shares of the company’s stock after acquiring an additional 452 shares during the quarter. MJP Associates Inc. ADV’s holdings in RTX were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in RTX. Brighton Jones LLC raised its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% during the 4th 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 period. Bailard Inc. increased its stake in RTX by 56.9% during the 1st quarter. Bailard Inc. now owns 7,063 shares of the company’s stock valued at $936,000 after buying an additional 2,561 shares during the period. Kingsview Wealth Management LLC raised its position in shares of RTX by 42.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 45,469 shares of the company’s stock worth $6,023,000 after buying an additional 13,629 shares in the last quarter. Finally, Carson Advisory Inc. lifted its stake in shares of RTX by 34.7% in the 1st quarter. Carson Advisory Inc. now owns 3,063 shares of the company’s stock worth $406,000 after acquiring an additional 789 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Bank of America boosted their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group raised their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 0.8%

RTX stock opened at $175.42 on Friday. The firm has a market cap of $235.20 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The firm’s 50 day moving average price is $166.89 and its two-hundred day moving average price is $153.05. 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 released its quarterly earnings data 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. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

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.