Smith Moore & CO. Grows Holdings in RTX Corporation $RTX

Smith Moore & CO. raised its stake in RTX Corporation (NYSE:RTX) by 12.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,533 shares of the company’s stock after purchasing an additional 733 shares during the quarter. Smith Moore & CO.’s holdings in RTX were worth $954,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RTX. VestGen Advisors LLC raised its position in RTX by 0.9% during the second quarter. VestGen Advisors LLC now owns 39,099 shares of the company’s stock valued at $6,082,000 after purchasing an additional 358 shares in the last quarter. Trustmark Bank Trust Department raised its holdings in shares of RTX by 7.5% during the 2nd quarter. Trustmark Bank Trust Department now owns 8,033 shares of the company’s stock valued at $1,173,000 after buying an additional 560 shares in the last quarter. Leslie Global Wealth LLC purchased a new position in shares of RTX during the 2nd quarter valued at about $220,000. Berry Wealth Group LP boosted its stake in RTX by 41.7% in the second quarter. Berry Wealth Group LP now owns 2,521 shares of the company’s stock worth $368,000 after buying an additional 742 shares in the last quarter. Finally, West Family Investments Inc. grew its position in RTX by 39.5% during the second quarter. West Family Investments Inc. now owns 7,199 shares of the company’s stock valued at $1,051,000 after acquiring an additional 2,037 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE:RTX opened at $168.01 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $170.40 and its 200 day simple moving average is $156.77. The stock has a market cap of $225.26 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the company posted $1.45 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on RTX shares. Bank of America increased their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. The Goldman Sachs Group boosted their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and set a $190.00 price target on shares of RTX in a research report on Tuesday, November 25th. Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.