RTX Corporation $RTX Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its stake in RTX Corporation (NYSE:RTX) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,678 shares of the company’s stock after purchasing an additional 9,899 shares during the period. Maryland State Retirement & Pension System’s holdings in RTX were worth $15,349,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co grew its position in shares of RTX by 63.2% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock worth $6,535,000 after buying an additional 13,118 shares during the period. Rokos Capital Management LLP lifted its holdings in RTX by 804.3% in the first quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock valued at $107,265,000 after buying an additional 494,652 shares during the period. Legal & General Group Plc acquired a new position in RTX in the second quarter valued at approximately $1,267,256,000. Eastern Bank lifted its holdings in RTX by 112.0% in the third quarter. Eastern Bank now owns 177,392 shares of the company’s stock valued at $32,933,000 after buying an additional 93,725 shares during the period. Finally, Corient Private Wealth LP boosted its stake in RTX by 2,669.1% in the second quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock valued at $265,604,000 after acquiring an additional 1,349,350 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. The trade was a 34.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $201.37 on Thursday. The stock has a market cap of $271.74 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30. The stock has a 50-day moving average of $192.93 and a 200-day moving average of $195.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a one year low of $166.74 and a one year high of $226.88.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter last year, the firm earned $1.70 EPS. RTX’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Corporation will post 7.73 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be issued a $0.73 dividend. The ex-dividend date is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 47.40%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RTX shares. Sanford C. Bernstein lowered their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. Deutsche Bank downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 price target on the stock. in a research note on Tuesday, October 13th. Susquehanna raised their price target on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. The Goldman Sachs Group raised their price target on RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $231.24.

RTX News Summary

Investors following RTX have been watching these news items:

• Positive Sentiment: Analyst upgrade: Zacks Research raised RTX from “hold” to “strong buy.” Separate commentary points to rising earnings estimates and growth prospects in defense technology and aerospace services. Zacks analysis
• Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

RTX Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.