Russell Investments Group Ltd. Boosts Stock Position in RTX Corporation $RTX

Russell Investments Group Ltd. boosted its stake in shares of RTX Corporation (NYSE:RTX) by 1.8% in the second quarter, Holdings Channel reports. The fund owned 793,419 shares of the company’s stock after purchasing an additional 14,304 shares during the period. Russell Investments Group Ltd.’s holdings in RTX were worth $115,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RTX. Brighton Jones LLC grew its position in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of RTX in the 1st quarter worth $214,000. Picton Mahoney Asset Management boosted its holdings in shares of RTX by 4,201.1% in the first quarter. Picton Mahoney Asset Management now owns 11,785 shares of the company’s stock valued at $1,561,000 after acquiring an additional 11,511 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of RTX by 93.1% during the first quarter. Geneos Wealth Management Inc. now owns 24,540 shares of the company’s stock worth $3,251,000 after acquiring an additional 11,829 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $173.23 on Thursday. The stock has a fifty day moving average price of $169.60 and a 200 day moving average price of $155.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $232.26 billion, a PE ratio of 35.57, a P/E/G 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.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is presently 55.85%.

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 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 $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. BNP Paribas Exane assumed coverage on shares of RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Morgan Stanley set a $215.00 price target on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Bank of America raised their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.00.

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.