SCS Capital Management LLC Acquires 149,536 Shares of RTX Corporation $RTX

SCS Capital Management LLC raised its holdings in RTX Corporation (NYSE:RTX) by 283.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,315 shares of the company’s stock after buying an additional 149,536 shares during the quarter. SCS Capital Management LLC’s holdings in RTX were worth $29,542,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares in the last quarter. Wealthspire Advisors LLC raised its stake in RTX by 7.6% in the first quarter. Wealthspire Advisors LLC now owns 18,359 shares of the company’s stock worth $2,432,000 after buying an additional 1,292 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after buying an additional 1,394,918 shares during the period. Finally, AXS Investments LLC boosted its position in RTX by 4.2% during the 1st quarter. AXS Investments LLC now owns 3,956 shares of the company’s stock valued at $524,000 after acquiring an additional 161 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. The Goldman Sachs Group upped their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Bank of America raised their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’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 completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

RTX Stock Up 1.6%

RTX stock opened at $171.19 on Friday. The business has a 50 day moving average of $170.93 and a 200 day moving average of $157.18. The firm has a market cap of $229.53 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.44. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. 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 earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping 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 firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be issued 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 dividend yield of 1.6%. RTX’s dividend payout ratio is presently 55.85%.

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.