RTX Corporation $RTX Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners lessened its position in shares of RTX Corporation (NYSE:RTX) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 274,242 shares of the company’s stock after selling 4,340 shares during the quarter. RTX makes up about 2.0% of Obermeyer Wealth Partners’ holdings, making the stock its 16th largest position. Obermeyer Wealth Partners’ holdings in RTX were worth $40,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bridgewater Advisors Inc. raised its stake in shares of 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 buying an additional 217 shares during the last quarter. Access Investment Management LLC acquired a new position in RTX in the 2nd quarter valued at about $31,000. Freestone Capital Holdings LLC raised its stake in RTX by 3.6% in the 2nd quarter. Freestone Capital Holdings LLC now owns 64,583 shares of the company’s stock valued at $9,430,000 after purchasing an additional 2,231 shares during the last quarter. Burney Co. raised its stake in RTX by 7.5% in the 2nd quarter. Burney Co. now owns 130,594 shares of the company’s stock valued at $19,069,000 after purchasing an additional 9,143 shares during the last quarter. Finally, Aurdan Capital Management LLC raised its stake in RTX by 2.3% in the 2nd quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock valued at $440,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.7%

NYSE RTX opened at $178.70 on Monday. The stock has a market cap of $239.60 billion, a PE ratio of 36.69, a P/E/G ratio of 2.79 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The business has a 50 day moving average price of $163.32 and a two-hundred day moving average price of $149.76. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be paid 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 is Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays boosted their target price 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

Insider Activity

In other news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the 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 transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 38,471 shares of company stock worth $6,210,875. 0.15% of the stock is currently owned by insiders.

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.