RTX Corporation $RTX Shares Sold by Puzo Michael J

Puzo Michael J trimmed its holdings in RTX Corporation (NYSE:RTX) by 8.5% during the first quarter, HoldingsChannel reports. The firm owned 70,659 shares of the company’s stock after selling 6,586 shares during the period. RTX comprises about 4.0% of Puzo Michael J’s investment portfolio, making the stock its 7th biggest holding. Puzo Michael J’s holdings in RTX were worth $13,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. World Investment Advisors grew its holdings in shares of RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after purchasing an additional 5,020 shares during the period. Milestone Asset Management Group LLC increased its position in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in RTX in the 4th quarter valued at about $2,308,000. Truist Financial Corp raised its holdings in RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after buying an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC acquired a new position in RTX in the fourth quarter valued at about $1,439,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RTX. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Morgan Stanley dropped their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company initiated coverage on RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Performance

Shares of RTX stock opened at $194.64 on Tuesday. The stock has a market capitalization of $262.12 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The business has a 50-day moving average of $184.95 and a 200 day moving average of $191.74. RTX Corporation has a 12 month low of $143.56 and a 12 month high of $214.50.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. As a group, sell-side analysts forecast that RTX Corporation will post 6.92 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s payout ratio is 54.78%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney won a nine-year, $1 billion sustainment contract to overhaul more than 750 PT6A-68 engines for the U.S. JPATS T-6 trainer fleet, adding to RTX’s long-term defense revenue visibility. Article Title
• Positive Sentiment: British Airways selected RTX’s Pratt & Whitney GTF engines to power up to 63 Airbus A320neo aircraft, including a 12-year maintenance agreement, boosting the outlook for RTX’s commercial engines and services backlog. Article Title
• Positive Sentiment: Jackson Square Aviation also chose Pratt & Whitney GTF engines for an undisclosed number of Airbus A320neo jets, reinforcing demand for RTX’s geared-turbofan platform at the Farnborough Airshow. Article Title
• Positive Sentiment: Pratt & Whitney completed successful testing of its 3D-printed TJ150 engine, highlighting manufacturing innovation and potential efficiency gains. Article Title
• Neutral Sentiment: Analysts are reviewing RTX’s Q2 metric projections ahead of earnings, which keeps attention on whether the company can match or exceed expectations. Article Title
• Neutral Sentiment: RTX was mentioned as one of several drone-tech names to watch as adoption rises, but the piece is more sector-focused than a direct company-specific catalyst. Article Title
• Positive Sentiment: RTX also picked up additional attention from Boeing/Airbus Farnborough deal activity, which underscores a healthy commercial aerospace backdrop for its engine business. Article Title

About RTX

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.