RTX Corporation $RTX Shares Acquired by Code Waechter LLC

Code Waechter LLC grew its position in RTX Corporation (NYSE:RTX) by 29.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,185 shares of the company’s stock after purchasing an additional 727 shares during the period. Code Waechter LLC’s holdings in RTX were worth $465,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RTX. Holistic Financial Partners lifted its position in RTX by 2.1% during the 2nd quarter. Holistic Financial Partners now owns 6,956 shares of the company’s stock worth $1,016,000 after acquiring an additional 142 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in RTX by 2.5% during the 2nd quarter. Bridgewater Advisors Inc. now owns 9,047 shares of the company’s stock worth $1,422,000 after acquiring an additional 217 shares in the last quarter. Access Investment Management LLC acquired a new position in RTX during the 2nd quarter worth approximately $31,000. Freestone Capital Holdings LLC lifted its position in RTX by 3.6% during the 2nd quarter. Freestone Capital Holdings LLC now owns 64,583 shares of the company’s stock worth $9,430,000 after acquiring an additional 2,231 shares in the last quarter. Finally, Burney Co. lifted its position in RTX by 7.5% during the 2nd quarter. Burney Co. now owns 130,594 shares of the company’s stock worth $19,069,000 after acquiring an additional 9,143 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $176.90 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The stock’s 50 day moving average is $163.73 and its two-hundred day moving average is $150.09. The company has a market capitalization of $237.19 billion, a PE ratio of 36.33, a P/E/G ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the business earned $1.45 EPS. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is currently 55.85%.

Analyst Ratings Changes

Several equities analysts recently commented on RTX shares. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. UBS Group boosted their price target on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 SEC, which can be accessed through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 38,471 shares of company stock valued at $6,210,875. Corporate insiders own 0.15% of the company’s stock.

About RTX

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.